Saffron For Intermediaries has enhanced its self-employed, first-time buyer and owner-occupied mortgages by raising loan-to-values and launching fixed
Saffron For Intermediaries has enhanced its self-employed, first-time buyer and owner-occupied mortgages by raising loan-to-values and launching fixed rate and low-cost discounted rate options.
For the self-employed LTV increases to 90% with just one years’ accounts. Rates start at 3.99% discount (SVR – 1.4%) for 5-years with an arrangement fee of £1,250.
For first-time buyers the rate on Saffron’s 5-year fix has been reduced to 3.67% (was 3.97%) whilst the arrangement fee, which was £495, has been removed.
Housing needs to remain the key focus
Additionally owner-occupiers will benefit from the launch of low rate deals starting at 1.15% up to 60% LTV (SVR – 4.24%) or 1.25% up to 80% LTV (SVR-4.14%).
Anita Arch, head of mortgage sales at Saffron, said: “These enhancements offer significant benefits for most borrowers be they purchasers, remortgaging, first-time buyers or self-employed.
“All mortgage applications will be assessed on their own merits by a skilled underwriter and we guarantee a fast and personal service.”