Mortgages
Saffron Building Society Mortgages

Saffron Building Society Mortgages

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Re-Mortgage

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Saffron BS 2 Year Discounted Variable

Initial Rate
2.39% Discounted Variable (collared at ) for 2 years (3.00% disc)
APRC
3.70%
Product Fee
£180
Monthly Repayment
£664.65

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Lender:
Saffron BS
Max First Time Buyer LTV:
80%
Max House Purchase LTV:
80%
Max Remortgage LTV:
80%
Min Loan:
£30,000
Max Loan:
£1,000,000
Product Description:
2.39% Discounted Variable (collared at 2.39%) for 2 years (3.00% disc)
Incentives:
Free valuation fees

Ongoing Monthly Payments:
£664.65 x 24
Total Amount Payable:
£240,886.76
Total Interest Payable:
£90,176.76
Valuation Fee:
Free
Exit Admin Fee:
£130
Early Repayment Charge:
Yes
Early Repayment Charge Details:
1st 2 yrs: 1% Mortgage Advance

Saffron BS 3 Year Discounted Variable

Initial Rate
2.69% Discounted Variable (collared at 2.00%) for 3 years (2.70% disc)
APRC
4.30%
Product Fee
£679
Monthly Repayment
£687.37

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Lender:
Saffron BS
Max First Time Buyer LTV:
80%
Max House Purchase LTV:
80%
Max Remortgage LTV:
80%
Min Loan:
£30,000
Max Loan:
£1,000,000
Product Description:
2.69% Discounted Variable (collared at 2.00%) for 3 years (2.70% disc)
Incentives:

Ongoing Monthly Payments:
£687.37 x 36
Total Amount Payable:
£239,858.96
Total Interest Payable:
£88,389.96
Valuation Fee:
£260
Exit Admin Fee:
£130
Early Repayment Charge:
No

Saffron BS 3 Year Discounted Variable

Initial Rate
2.79% Discounted Variable (collared at 2.00%) for 3 years (2.60% disc)
APRC
4.40%
Product Fee
£679
Monthly Repayment
£695.04

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Lender:
Saffron BS
Max First Time Buyer LTV:
80%
Max House Purchase LTV:
80%
Max Remortgage LTV:
80%
Min Loan:
£30,000
Max Loan:
£1,000,000
Product Description:
2.79% Discounted Variable (collared at 2.00%) for 3 years (2.60% disc)
Incentives:

Ongoing Monthly Payments:
£695.04 x 36
Total Amount Payable:
£240,385.88
Total Interest Payable:
£88,916.88
Valuation Fee:
£260
Exit Admin Fee:
£130
Early Repayment Charge:
No

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 22 March 2021.

Saffron Building Society Mortgages FAQ

Who are Saffron Building Society?

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.

What type of mortgages do they offer?

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

They include:

Contractor mortgage
First-time buyer mortgage
Retirement mortgages
Self-employed mortgages
Self-build mortgages
Buy-to-let mortgages

What interest rates are available on their mortgages?

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.

What happens to my monthly repayment when interest rates rise?

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.

What is Saffron Building Society’s mortgage lending criteria?

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: