Saffron BS reintroduces FTB two-year fixes

Published on

Saffron Building Society has announced a number of product relaunches and refreshes across its full portfolio.

This includes the reintroduction of Saffron’s first-time buyer two-year fixed-rate products, which will offer a choice of shorter fixes alongside its current five-year fixed-rate products.

The two-year fixed rates are available with 90% and 95% LTV, offering a 5.57% and 5.87% rate respectively with no application or arrangement fees, and free standard valuation.

Meanwhile the Society has reduced the rate on its 75% LTV self-build product and is publishing a new self-build guide. The guide, which is available free to brokers via the Saffron for Intermediaries website, is designed to help brokers better understand this key growth area and assist with the application process.

Saffron’s self-build product at 75% LTV is now available with a 2.60% discount off SVR, meaning a current rate of 5.39%, previously listed at 5.59%.

Tony Hall, head of business development at the Saffron, said: “We are delighted to continue to support the vibrant self-build market with this rate reduction on loans up to £1m, which will allow even more people to realise their dream of building their own home.

“As we enter self-build season in the UK we have published our new self-build guide which has been developed with one main objective in mind: to support brokers in the application process so that they can confidently advise clients on this big growth opportunity.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...