Saffron Building Society has unveiled a three-year fixed rate without any early repayment charges, across a number of its Special Situations mortgage products.

The limited edition product has the following features:

• 4.47% fixed to 31st May 2016
• No early repayment charges either during or after the fixed rate period
• Available on buy-to-let, self-employed, professional and contractor Special Situations mortgages
• Max 80% LTV
• 1% arrangement fee (2% on buy-to-let)

The fixed rate is available via a panel of distributors which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options and TBMC.

“Our three-year fixed rate, in common with most of our products, has no early repayment charges, either during or after the fixed rate period,” explained Peter Izard, head of mortgages at Saffron Building Society.

“This deal will run alongside our existing products and will be available for a limited period only, so brokers should contact our distribution partners as soon as possible to secure funds.”

Doug Hall, director of 3mc, added: “I have no doubt this three-year fixed rate will prove to be popular, as borrowers seek to lock into today’s low interest rates. This is an excellent deal and, when viewed as part of Saffron’s Special Situations range, will have strong appeal to the groups at which it is targeted.”