Saffron For Intermediaries has relaunched its mortgage range.
Key points of the updated range include:
· No Early Repayment Charges on any mortgage products
· Capital repayment incentive enabling the self-employed, professionals and contractors to benefit from reduced interest rates when they pay-off capital and improve their LTV
· New expat buy-to-let mortgage up to 65% LTV, enabling those working abroad to invest in UK property
· New three-year discount mortgage now with the option for borrowers to choose between a lower fee or a lower rate, starting from 3.89%
· 95% mortgages for both first-time buyers and next steppers offering no ERCs
· Enhanced criteria, rates and arrangement fees on most products
Peter Izard, head of mortgages at the dedicated broker channel of Saffron Building Society, said: “We’re delighted to be launching our revamped product range, which has been designed to incentivise responsible borrowing by rewarding capital repayments and by not locking-in borrowers with early repayment charges. We believe there’s something for everyone, whatever their situation may be.”
“The range includes a new buy-to-let deal for expats and we also have 95% deals for both first-time buyers and next-steppers with very competitive rates, low fees and no ERCs. Products that brokers will be familiar with from our previous range are still available including our popular self-build and buy-to-let light refurbishment mortgages.”
Brokers can access the new product range via a panel of distributors, which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options and tbmc.
