Discount rates include:
80% LTV
Year 1: 2.09% (SVR-3.3%)
Year 2: 3.09% (SVR-2.3%)
Year 3: 4.09% (SVR-1.3%)
Year 4: 4.79% (SVR-0.6%)
90% LTV
Year 1: 2.39% (SVR-3.0%)
Year 2: 3.39% (SVR-2.0%)
Year 3: 4.39% (SVR-1.0%)
Year 4: 4.99% (SVR-0.4%)
The range offers a maximum loan of £1,000,000, £995 arrangement fee, and ERC: 3% throughout the period of the discount.
Brokers can access the new fixed rates via a panel of distributors, which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options, tbmc and Vantage.
Anita Arch, Senior Business Development Manager at Saffron For Intermediaries, said:
“The 90% LTV mortgage is an ideal mortgage for either first-time buyers or next steppers who have only a 10% deposit. Whatever the purpose, the stepped discount ensures that repayments are kept to a minimum in the early years.”
