Saffron revamps retentions range with new fee options and lower rates

Saffron for Intermediaries has announced a series of updates to its retentions range. 
 
For residential retention (including those customers coming off first-time buyer, self-build and contractor/self employed deals, Saffron has introduced £999 fee products priced lower across all LTVs.

The lowest rate is now a 4.27% five-year fix with a £999 fee, available up to 60% LTV.

Saffron has also launched a new JBSP retention product at 95% LTV, available from 5.77% fixed for two years and 5.67% fixed for five-years with no fees.

For buy-to-let retention, Saffron has introduced £1,999 fee products and reduced pricing across the range by 0.20%. The lowest rate is now a 5.07% five-year fix at 75% LTV with a £1,999 fee.

Tony Hall (pictured), head of business development at Saffron for Intermediaries, said: “We’re excited to add fee options to our retentions range. These new products give brokers more flexibility to tailor solutions for their clients, whether that means choosing a lower rate with a fee or a fee-free option with slightly higher repayments. 

"Importantly, brokers will continue to receive 0.35% proc fees on all retention business, ensuring they’re rewarded for the advice and support they provide. And this isn’t the end – these updates are just the first in a series of enhancements we’ll be making this month, so watch this space!”