Saffron BS scraps age limits on new first-time buyer and buy-to-let ranges

Saffron Building Society has launched new mortgage products for landlords, first-time buyers and owner occupiers with no maximum borrower age.

Related topics:  Mortgages
Rozi Jones
14th May 2018
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The Society has reduced 95% LTV rates for first-time buyers, which are now available from 3.57% fixed for three years and 3.87% fixed for five years, with no arrangement fee.

New owner occupier products include two-year fixed rates from 2.27% up to 90% LTV and 2.57% up to 90% LTV, as well as a five-year fixed rate at 2.57% up to 80% LTV, all with a £999 arrangement fee.

Also on offer is a new five-year fixed buy-to-let rate of 2.87% up to 75% LTV, with a 2% arrangement fee, a 3% early repayment charge and no minimum income requirements.

Rental cover is calculated at 140% of pay rate for purchase or remortgage with additional borrowing, and 125% for a debt for debt remortgage.

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