"In the aftermath of the election uncertainty, and ahead of a potential base rate reduction, we are delighted to be able to announce reduced rates across a range of our products."
- Tony Hall, head of business development at Saffron for Intermediaries
Saffron for Intermediaries has announced rate reductions across a number of its residential and buy-to-let mortgage products.
In its residential range, Saffron has reduced rates across its standard and large loan products, and has also introduced a new 85% LTV band.
At 85% LTV, two-year fixed rates start from 5.37% and five-year fixes from 5.47%, both with a £999 arrangement fee.
Elsewhere in the range, an 80% LTV two-year fixed rate has reduced by 40bps to 5.27% with a £999 fee and a large loan five-year fix at 80% LTV has decreased by 60bps to 4.77% with a £1,495 fee.
Rate reductions have also been made to Saffron's expat buy-to-let products. These rate changes will offer support to both first-time landlords and more experienced portfolio landlords and follow the introduction of a new fixed-fee expat buy-to-let product in March.
Expat buy-to-let highlights include a 75% LTV five-year fix, down by 0.2% to 5.67% with a £2,500 fee.
In addition, Saffron for Intermediaries has reduced rates on its green residential product. The 80% LTV two-year fix has reduced by 40bps to 5.27% with a £999 fee.
Tony Hall, head of business development at Saffron for Intermediaries, commented: “In the aftermath of the election uncertainty, and ahead of a potential base rate reduction, we are delighted to be able to announce reduced rates across a range of our products. We are increasingly aware of the more complex circumstances of today's borrowers, and that the approach to mortgages must reflect this. This is why we are constantly looking for ways to enhance our mortgage products to ensure that we can help as many borrowers as possible to find a product that works for them. Today’s announcement is just another step towards that goal.”
