Saffron for Intermediaries is withdrawing one of its high-LTV residential products on Monday 24 August.

Specifically, the 80 per cent LTV five-year fix at 1.77 per cent will no longer be available.

In a note to brokers, the lender adds that its BDM team will be unavailable on 1 September because it is closing its head office, “to say thank you to our colleagues across the society for their efforts during the Covid-19 pandemic.”

On Friday last week, Saffron announced that it had partnered with Dynamo for Intermediaries.