Saffron BS reveals increase in lending

Nia Williams

March 21, 2011

The building society has more than doubled its lending volume in the first two months of the year.

Since the beginning of the New Year Saffron has launched a number of new mortgages – all of which have helped contribute to its significant growth.

This includes the recent launch of a 2 year tracker mortgage offering a 1.99% interest rate and tracking 1.49% above the Bank of England base rate, requiring a 35% deposit. This is in addition to the recent 95% mortgages exclusive to Taylor Wimpey for those buying Taylor Wimpey homes in the society’s branch catchment area.

John Eastgate, sales and marketing director at Saffron Building Society said: “Our lending figures continue to see healthy growth through our focus on offering mortgage products to a broad range of customers including those with smaller deposits and offering exclusive mortgage deals to our local member base. We are committed to supporting the housing market in our region, and our common sense approach to lending, where we take each case on its merits, is clearly proving successful.”

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