Saffron Intermediaries launches 4-year discounts
To 80% LTV the year one rate is currently 2.09% (SVR-3.3%), year two is 3.09% (SVR-2.3%), year three is 4.09% (SVR-1.3%) and the year four rate is 4.79% (SVR-0.6%)
To 90% LTV meanwhile the rate is currently 2.39% (SVR-3.0%) for year one, 3.39% (SVR-2.0%) for year two, 4.39% (SVR-1.0%) for year three and 4.99% (SVR-0.4%) for year four.
Anita Arch, senior business development manager at Saffron For Intermediaries, said: “The 90% LTV mortgage is an ideal mortgage for either first-time buyers or next steppers who have only a 10% deposit.
“Whatever the purpose, the stepped discount ensures that repayments are kept to a minimum in the early years.”
Brokers can access the rates via a panel of distributors, which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options, tbmc and Vantage.
Products incur an arrangement fee of £995, while loan sizes are between £30,000 and £1m.