Saffron launches new fixed-rate deals

Saffron For Intermediaries has launched three fixed-rate deals for homeowners and first time buyers.

Related topics:  Mortgages
Rozi Jones
17th October 2016
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"This is a great time for both homeowners and first time buyers to lock-in their rates while they are so competitively priced."

The range includes a three-year fix at 2.07% and a five-year fix at 2.27%, both available up to 80% LTV for purchase or remortgage.

Loans are available on an interest-only basis up to 70% LTV.

For first-time buyers, Saffron is offering a rate of 3.97% fixed until 30/06/20 (then SVR with a minimum floor of 3% thereafter) up to 95% LTV.

All products have a 10% overpayment allowance per year (calculated based on the size of the capital borrowed at the start of the loan).

Anita Arch, Head of Mortgage Sales, said: “We’re delighted to be launching these fixed rate deals, which will help both existing homeowners and first-time buyers benefit from the very low rates that are currently available. This is a great time for both homeowners and first time buyers to lock-in their rates while they are so competitively priced.”

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