Saffron Building Society reduces rates on owner-occupied mortgage products

Jessica Bird

May 12, 2020

saffron building society

Saffron Building Society has reduced the rates on its owner-occupied mortgage products. 

All of Saffron’s owner-occupied mortgage products are available up to 80% loan-to-value ratio (LTV), and 70% interest-only LTV, with free valuation.

The reduced rates allow for more affordable mortgage payments and increased accessibility to the society’s owner-occupied range.

Saffron has also extended its end term dates to reflect these product changes.

The society will now offer these products at 1.47% fixed rate, previously 2.5%, until 30 September 2022, and 1.77%, previously 2.5%, until 30 September 2025.

Charlie Townsend, head of insight at Saffron Building Society, said: “At Saffron, we are always looking at the range of products on offer and finding ways to ensure we provide the most competitive mortgages available on the market.

“During the current situation, we have reviewed our owner-occupied product range and improved the rate dramatically.

“This will ensure we are offering products that are affordable for new customers – something that is really important to us as a building society.”

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