The range includes enhanced discounts across most products, including mortgages for the self-employed, professionals, contractors, self-builders, owner-occupiers and landlords; increased maximum LTVs for the self-employed (up from 80% to 85% LTV), owner-occupiers (up from 80% to 90% LTV) and buy-to-let mortgages (up from 75% to 80% LTV); a new 70% LTV band with 3.19% 3-year discount for ‘Everyday’ purchase and remortgages; and reduced reversion rate for professionals (1% lower) enabling them to borrow more.
Anita Arch, Senior Business Development Manager at Saffron For Intermediaries, said:
“Our new range includes a number of enhancements requested by brokers and borrowers. We’ve sharpened our rates, increased our LTVs and most of our products are ERC fee.
“Our mortgages cater for a wide range of situations and if an existing mortgage doesn’t quite fit because your client requires features from several of our products, then we may be able to tailor a mortgage to suit their precise needs.”
Saffron For Intermediaries does not use credit scoring, preferring instead to let skilled underwriters assess each application on its own merits.
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.
