Saffron launches three fixed-rate products

Ryan Bembridge

October 17, 2016

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

To 80% loan-to-value borrowers can take out a 3-year fix at 2.07% with a £995 arrangement fee and a 5-year fix at 2.27% with a £1,495 fee.

Both mortgages are for purchase and remortgage and allow a combination of repayment and interest-only.

Its first-time buyer mortgage has a rate of 3.97% to 95% LTV, comes with no arrangement fee and is fixed until 30/06/2020.

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.”

Saffron For Intermediaries is the dedicated intermediary channel of Saffron Building Society.

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