Launch Pad: Mortgages

The Professional Mortgage range is aimed at clients in fields such as accountancy, medicine and law, who require higher loan-to-value products.

Rates are tiered based on a client’s available deposit, ranging from 3.99 per cent on an 80 per cent LTV mortgage to 4.99 per cent on a 90 per cent LTV mortgage.

Clients can reduce their rates if they move into a lower LTV band. The mortgages are available across three years.

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Earlier this year, Jon Hall, chief executive of the mutual, announced the creation of Saffron’s Special Situations to help people who were self-employed or may have needed extra help onto the housing ladder.

Product details

■ Available up to £500,000 for purchase (including first-time buyers) and remortgages

■ No early repayment charges

■ £998 arrangement fee

IFA verdict: Jock Cassidy, director for national IFA Ashley Law, said: “We do have some clients in these areas. The Saffron service would be welcomed by consumers and the intermediaries. At the moment a lot of these people are left going to pay-day lenders”