"We are delighted with the overwhelming response to our first-time buyer products and so happy to have been able to assist so many first-time buyers"
The Society launched the broker-exclusive range on Thursday and withdrew three of the products on Friday.
Saffron recorded a 500% increase in enquiries for the newly launched products, leading to a 1622% increase in daily DIP activity.
The lender's joint borrower sole proprietor mortgage will remain available at 95% LTV and all DIPs which have already been submitted will be able to progress through to application.
John Penberthy-Smith, chief commercial officer at Saffron Building Society, commented: “We are delighted with the overwhelming response to our first-time buyer products and so happy to have been able to assist so many first-time buyers take the first step towards getting on the property ladder, especially in such an uncertain market.”
