Rates now start from 3.59%.

The short-term property finance provider is looking to expand its presence in the South East.

Saffron has reduced rates by up to 0.60% and launched an 85% LTV range, improving affordability for contractors and self-employed borrowers.

The new BDMs will join the residential and specialist distribution teams.

The new three-year fixed rate at 3.75% is the lowest rate the lender currently offers across its fixed rate range.

When it comes to property hunting, 17% will specifically look out for what the EPC rating is.

Research estimates the average salary needed to buy a house in the UK is over £59,000.

The new buy-to-let and holiday let products are available for purchase, remortgaging and capital raising.

The new initiative has launched with Leeds Building Society, Legal & General, Mortgage Advice Bureau and the OPDA among participants.

Spencer has held previous roles at Quantum Mortgages, Axis Bank UK, Magellan Homeloans, GE Money Home Lending, HFC Bank and Barclays.