Saffron Building Society Mortgages

The Saffron Building Society is a building society with branches throughout the East of England, including: Essex, Hertfordshire and Suffolk. It can trace its roots back to 1849, because there is evidence of a similarly-named building society in the charming market town of Saffron Walden through the record of a bank passbook from the time.

Set up as a mutual, the society is run for the benefit of its members. Its services include mortgages, savings and future planning.

The Saffron provide a range of mortgage products through a broker.

They include:

If you are considering applying for a Saffron Building Society mortgage, you’ll want to know whether their mortgages feature competitive interest rates.

You can compare Saffron Building Society mortgage rates quickly and easily using our mortgage comparison table above. You can filter the currently available mortgages to be ordered by interest rate. Just scroll to the ‘Sort by’ button above the mortgages and click ‘initial rate’ - this will sort the mortgages from low to high – so you’ll see the lowest rates first.

Before applying for a mortgage simply because it has a low interest rate, you’ll be better equipped to find the best deal for you when you understand how fluctuating interest rates can influence your monthly mortgage repayments.

Interest rates are typically benchmarked using the Bank of England’s base rate; this is the official borrowing rate which filters through to all banks, so this rate influences what borrowers pay as interest.

When interest rates rise, borrowing becomes more expensive and vice versa. Rises and falls will not affect your monthly repayments if you are on a fixed rate mortgage within your fixed-rate term.

There’s no guarantee your application for a mortgage will be accepted. This is because each lender has their own lending criteria. Some lenders might turn your application down, considering your borrowing a risk; others will accept your application, despite your application remaining the same.

In general, each lender considers: