Saffron BS pulls entire fixed range to control volumes

Saffron Building Society has pulled its entire fixed rate mortgage range for new borrowers.

The lender says it has taken the decision in order to “control business volumes” but adds that fixed rate retention products are still available to existing customers.

It is still offering a range of variable mortgages.

Saffron BS senior business development manager Anita Arch says: “2014 has been an excellent year in which we have seen particularly strong demand for our fixed rate products.

“As we start planning for 2015 we have decided to withdraw our fixed rates to enable us to control business volumes in the final quarter of the year. Our fixed rate retention products will still be available to existing customers and a range of competitive variable rate mortgages are also available for new borrowers.”