Saffron For Intermediaries has launched new fixed rate mortgage deals on its occupational mortgage range.
Anita Arch, head of mortgage sales at the Saffron Building Society, said: “I have no doubt will prove to be popular with both brokers and their clients.”
The fixed rates include the following: |
| Self-employed: |
| 3.37 per cent fixed to 31/01/20 up to 70 per cent LTV |
| 3.67 per cent fixed to 31/01/20 up to 80 per cent LTV |
| 3.97 per cent fixed to 31/01/20 up to 85 per cent LTV |
| Contractors: |
| 3.37 per cent fixed to 31/01/20 up to 70 per cent LTV |
| 3.67 per cent fixed to 31/01/20 up to 80 per cent LTV |
| 3.97 per cent fixed to 31/01/20 up to 85 per cent LTV |
| 4.17 per cent fixed to 31/01/20 up to 90 per cent LTV |
| Professionals: |
| 3.27 per cent fixed to 31/01/20 up to 70 per cent LTV |
| 3.57 per cent fixed to 31/01/20 up to 80 per cent LTV |
| 3.87 per cent fixed to 31/01/20 up to 85 per cent LTV |
| 4.07 per cent fixed to 31/01/20 up to 90 per cent LTV |
| The above products have a £999 arrangement fee and ERC of 3 per cent to 31/01/20 |
Saffron recently introduced an interest-only option across its occupational range of mortgages and extended the end-date on its three-year first-time buyer mortgage from the end of May to the end of November 2019.
In May, the society launched a limited edition five-year fixed rate mortgage for owner-occupiers, following another a limited edition five-year fixed rate mortgage for first-time buyers in March.
Adviser Verdict
David Hollingworth, associate director at London & Country Mortgages, said in a market where the headlines are dominated by record low interest rates, it is easy to forget that criteria plays just as important a role for a broker and their clients.
Mr Hollingworth said: “Saffron has modelled itself as a lender that is prepared to take a look at individual circumstances and this range of products help to underline its flexible approach in tailoring products and criteria to the self employed, contractor and professional market.”
peter.walker@ft.com
