Tag: Saffron Building Society
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Gen Z Dreams of Building Their Own Homes!
Young people are turning their backs on traditional housing and embracing custom-build homes, a new survey reveals. 64% of 18 to 24-year-olds are considering building their own homes, compared to just 21% of over 55s, according to research by Saffron for Intermediaries. The building society surveyed over 2,000 people across the UK and found that…
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Saffron Announces Mortgage Rate Cuts Across its Range
Saffron Building Society has slashed mortgage rates across the board, making it cheaper for first-time buyers, home movers and those looking to remortgage. Good news for borrowers! Saffron has reduced rates on all of its mortgage products, with some fixed-rate deals falling by as much as 0.6%. Here are the key takeaways: Boost for Professionals…
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Mortgage Rates Reduced by Saffron Building Society
Saffron Building Society has announced cuts to their mortgage rates, making it cheaper to buy your dream home. In a move designed to help people struggling with the cost of living, Saffron has reduced rates across their “Owner Occupied” range by 0.4%. That means you could save hundreds of pounds every year on your mortgage…
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Saffron Launches New Mortgages for Young Professionals – up to 5.5 Times Salary
In a move that will be music to the ears of first-time buyers, Saffron Building Society has launched a new range of mortgages specifically designed for professionals in the early stages of their careers. The “Professional Income Boost” range is available to those working in a range of professions such as accountancy, dentistry, and law.…
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House Sales Dip Ahead of Expected Interest Rate Cut
Buyers “Waiting in the Wings” for Cheaper Mortgages The number of homes being bought and sold has dipped slightly, as people across the country hold off on making big decisions before the next interest rate announcement. Official figures from HMRC show that in June, there were 91,370 completed house sales. This is a drop of…
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Saffron Slashes Mortgage Rates by up to 0.6%
Good news for homeowners – Saffron Building Society has announced massive cuts to their mortgage rates, with some slashed by as much as 0.6%. This could mean significant savings for borrowers. The biggest drop is on their five-year fixed-rate mortgage for those with a 20% deposit (80% loan-to-value). The rate plummets from 5.37% to just…
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Fewer High-LTV Mortgages Available
The UK mortgage market has seen some changes, particularly for those looking to borrow with a smaller deposit. According to recent data from Moneyfacts, a leading financial product analyst, several high-loan-to-value (LTV) mortgage options have been pulled from the market in the last week of May. However, despite these withdrawals, the variety of available mortgage…
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Mortgage Approvals Jump 25% in December
Mortgage approvals in December 2023 witnessed a significant jump of 25.6% compared to the same month the previous year. This indicates that homebuyers are adjusting to the new reality of higher mortgage rates. The Bank of England’s latest Money & Credit data reveals that December saw 50,459 mortgages approved, a notable rise from 40,186 in…
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Saffron Revamps Mortgage Offers
Saffron Building Society has recently implemented significant changes in its mortgage rates and loan offerings, including its offerings for first-time buyers, self-employed individuals, and those eyeing larger residential or self-build projects. For Self-Builders Needing Larger Loans One of the most notable changes in Saffron’s revamp is the increase in the maximum loan size for its…