Saffron Building Society has announced a repriced and relaunched product offering.
The Society has repriced across a selection of residential products and has also taken the decision to relaunch a range of buy-to-let fixes.
Details are as follows:
Repriced product offering:
- SELF-EMPLOYED: Two new products are being repriced for the self-employed: 2-year fixed – 80% LTV – 6.77% and 5-year fixed – 80% LTV – 6.67%
- OWNER OCCUPIED: 2-year discount – 80% LTV – 4.99% (SVR-3%)
- RETRO-FIT RESIDENTIAL: 2-year fixed – 80% LTV – 6.47%
Reintroduced product offering:
- BTL: 5-year fixed – 75% LTV – 6.37%
- LTD COMPANY BTL: Two new products are being relaunched in the LTD Company BTL range: 2-year discount – 75% LTV – 6.09% (SVR-1.90%) and 5-year fixed – 75% LTV – 6.57%
- EXPAT BTL: Two new products are being relaunched in the Expat BTL range: 2-year discount – 75% LTV – 6.19% (SVR-1.80%) and 5-year fixed – 75% – 6.67%
Tony Hall (pictured), head of business development at the Saffron, said: “This product reprice and relaunch means that Saffron continues to be able to give choice to our broker partners. Product withdrawals and relaunches are a common feature of the mortgage market and with that in mind, I am pleased that we can offer fair and reasonable notice to brokers, and then return with refreshed products swiftly after.”
