The 5-year discount product is available at 3.99%, before reverting to 4.39%, which is Saffron’s standard SVR (currently 5.39%) minus 1%.
Borrowers can repay capital at any time and reduce their mortgage rate if they move into a lower LTV band, with no additional fee.
Anita Arch, Head of Mortgage Sales, said:
“We’ve listened carefully to feedback from brokers and have extended our professional range to include a 90% LTV deal. This will be particularly attractive to qualified professionals in the early stages of their careers, who have the ability to pay-down their debt as they continue to move up their chosen career ladder.
“Key features of all our Professional Mortgage deals include a tailored affordability calculator which includes a lifetime revert rate that is 1% below our standard SVR. Borrowers can also repay capital and benefit from a reduced mortgage rate, if their loan moves into a lower LTV band. There is no additional charge for this service.”
