Saffron enhances self-employed, FTB and owner-occupied products

Ryan Fowler

June 6, 2017

Saffron For Intermediaries has enhanced its self-employed, first-time buyer and owner-occupied mortgages by raising loan-to-values and launching fixed rate and low-cost discounted rate options.

For the self-employed LTV increases to 90% with just one years’ accounts. Rates start at 3.99% discount (SVR – 1.4%) for 5-years with an arrangement fee of £1,250.

For first-time buyers the rate on Saffron’s 5-year fix has been reduced to 3.67% (was 3.97%) whilst the arrangement fee, which was £495, has been removed.

Newcastle slashes buy-to-let and self-employed rates

Additionally owner-occupiers will benefit from the launch of low rate deals starting at 1.15% up to 60% LTV (SVR – 4.24%) or 1.25% up to 80% LTV (SVR-4.14%).

Anita Arch, head of mortgage sales at Saffron, said: “These enhancements offer significant benefits for most borrowers be they purchasers, remortgaging, first-time buyers or self-employed.

“All mortgage applications will be assessed on their own merits by a skilled underwriter and we guarantee a fast and personal service.”

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