"Their niche look at lending and brilliant proposition the two businesses go hand in hand within our fees free packaging department."
- Michael Craig, sales director at Brilliant Solutions
Saffron Building Society has formed a new packager relationship with Brilliant Solutions.
This collaboration will give Brilliant Solutions members access to Saffron for Intermediaries’ products, including its self and custom build range with ERC-free products available for land and build, knock down and rebuild, renovation and conversion projects.
Saffron will accept self employed applicants who require up to 90% LTV with one year’s trading or need to use most recent year's income rather than taking an average.
Its buy-to-let range accepts first-time buyers and first-time landlords across all products including in expat, personal name and limited company ownership.
It also offers lower ICRs of 125% at product pay-rate used for all pound for pound remortgages irrespective of their personal tax positions.
In addition, it offers expat buy-to-let with a long list of accepted countries able to be considered for first-time buyer and consumer buy-to-let scenarios.
Larger loan applications are accepted on standard product terms up to £1m at 90% LTV and £5m at 80% LTV (£4m for self-build).
The new relationship follows Saffron expanding its partnership with Connect for Intermediaries earlier this month, offering wider access to its range of mortgage products.
Tony Hall, head of business development at Saffron for Intermediaries, commented: “We’re thrilled to be joining Brilliant Solution’s panel. They are renowned for their deep broker relationships and have a long and established reputation as a key player in the complex lending market - which fits well with our adaptable lending solutions proposition.”
Michael Craig, sales director at Brilliant Solutions, added: “We have worked with Saffron as a mortgage club for some time now, and it has become more and more apparent that with their niche look at lending and brilliant proposition the two businesses go hand in hand within our fees free packaging department. We are very much looking forward to working with Tony and his team with this new venture.”
