"We continually review the factors at play, and have made changes to support the large loan market as a result."
- Tony Hall, head of business development at Saffron
Saffron for Intermediaries has announced rate reductions across three of its owner occupied and green residential mortgage products. The move is designed to aid brokers supporting clients in need of larger finance packages.
Saffron has enhanced its support for borrowers by repricing two of its 80% LTV residential mortgages. A two-year fixed rate is down by 30bps from 5.67% to 5.37%, while a five-year fixed rate large loan product is also lowering by 30bps from 5.67% to 5.37%.
The maximum loan size sits at £3m up to 80% LTV for Saffron’s standard owner occupied mortgage product range and £5m for its large loan range.
Additionally, Saffron for Intermediaries has reduced the rate on its green residential mortgage. The 80% LTV two-year fixed rate has been repriced from 5.67% to 5.37%.
Tony Hall, head of business development at Saffron for Intermediaries, commented: “At Saffron, we put broker feedback at the heart of everything we do, and that becomes even more important when the market is developing so quickly. We continually review the factors at play, and have made changes to support the large loan market as a result.”
