Saffron withdraws mortgages ready for refresh

According to Peter Izard, head of mortgages for Saffron For Intermediaries, the special situations product range has been withdrawn and Saffron will not accept any further applications until it announces its 2014 range.

He said the changes come into effect immediately.

This follows strong business growth for Saffron. Mr Izar said that business levels have been significantly higher than their target of £150m for 2013, with £180m of new business already this year.

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He added: “The market needs lenders like Saffron For Intermediaries that are willing to innovate and develop solutions for those borrowers who are being largely ignored by other lenders.”