Mortgage range for existing customers

These products are available for existing Saffron customers whose current mortgage deal is coming to an end.

If you’re an existing Saffron customer and your current mortgage deal is coming to an end, transferring to a new product could reduce your monthly payments and is simple to do.

We’ll write to you about three months before your deal ends to remind you about our product transfer options. You’ll also find our latest rates below, but please remember these rates can change at any time and without notice.

If you want to transfer to a new product, you have three options to choose from. Our rates are the same whichever option you choose:

Option 1: If you know what product you want and do not need advice, call us on 0800 072 1100 and tell us which product you want.

Option 2: If you want advice from us, call us to speak to one of our qualified Mortgage Advisors. They can give you free advice and a personal recommendation from our current available product range.

Option 3: You can speak to your mortgage broker for independent advice. They can manage the product transfer process for you but may charge a fee to do this. You’ll need to share the Authentication Code and your latest House Price Index (HPI) Loan-to-Value. You’ll find both of these on the letter we send you before your current deal ends.

When you transfer products we’ll run a credit check but this won’t affect our decision. We don’t ask for proof of income or spending unless you’re making other changes to your mortgage at the same time (e.g. borrowing more money).

Mortgage Repayment Calculator

Get an estimate of what your monthly payments would be for a particular loan amount, mortgage product and repayment method by clicking here.

Variation to Mortgage Contract Request

To find out more about changing your existing Saffron mortgage, you can read more here.

Representative Examples

Residential Retention

Residential Retention Life of Loan Discounted 95% LTV

For a mortgage of £143,215.40 borrowed over 18 years 1 months, you'll need to make:

• 217 monthly repayments of £1,190.16. You'll pay this at a discounted rate for Life of Loan at 7.29%.

The total amount you'd need to pay would be £259,534.88, made up of the loan amount (£143,215.40), plus interest (£112,012.96) , a product fee of Nil and a mortgage exit fee of £80.           

The overall cost for comparison is 7.6% APRC representative.                                                          

Residential Further Advance

Residential FADV 2 Years Discounted 80% LTV

For a mortgage of £60,000.00 borrowed over 19 years 0 months, you'll need to make:

• 24 monthly repayments of £432.66.  You'll pay this at a discounted rate for 2 Years at 5.69%, followed by
• 204 monthly repayments of £483.76. You'll pay this at a 1% discount off our Standard Variable Rate, which is currently at 8.29%.  This gives an SVR rate of 7.29%.          

The total amount you'd need to pay would be £109,150.88, made up of the loan amount (£60,000.00), plus interest (£49,150.88), a product fee of £000 and a mortgage exit fee of £80.

The overall cost for comparison is 7.2% APRC representative.  

Buy to Let Retention

BTL Retention Life of Loan Discounted 80% LTV

For a mortgage of £158,264.66 borrowed over 14 years 4 months, you'll need to make:

•  172 monthly repayments of £1,530.85. You'll pay this at a discounted rate for Life of Loan at 7.79%.

The total amount you'd need to pay would be £264,917.05, made up of the loan amount (£158,264.66), plus interest (£102,075.39) and a mortgage exit fee of £80.

The overall cost for comparison is 8.1% APRC representative.

Buy to Let Further Advance

BTL FADV 2 Years Discounted 80% LTV

For a mortgage of £60,000.00 borrowed over 19 years 0 months, you'll need to make:

• 24 monthly repayments of £299.67.  You'll pay this at a discounted rate for 2 Years at 5.99%, followed by
• 204 monthly repayments of £414.74. You'll pay this on our Standard Variable Rate, which is currently at 8.29%. 

The total amount you'd need to pay would be £152,114.04, made up of the loan amount (£60,000.00), plus interest (£92,114.04), a product fee of £000 and a mortgage exit fee of £80. 

The overall cost for comparison is 8.2% APRC representative.