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.
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.
■ 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”