Saffron for Intermediaries has made rate cuts across three of its owner-occupied and green residential mortgage products.
The lender said the changes were designed to aid brokers supporting clients in need of larger finance packages.
Saffron for Intermediaries has improved its support for borrowers by repricing two of its 80% LTV owner-occupied mortgages:
- 80% LTV two-year fixed-rate down 0.3% from 5.67% to 5.37%.
- 80% LTV five-year fixed-rate large loan product down 0.3% from 5.67% to 5.37%.
The maximum loan size sits at £3m (80% LTV) for Saffron’s owner-occupied mortgage product range, and £5m for its owner-occupied large loan range.
Meanwhile, Saffron for Intermediaries has reduced the rate on its green residential mortgage. The 80% LTV two-year fixed-rate product has been repriced from 5.67% to 5.37%.
Tony Hall (pictured), head of business development at Saffron for Intermediaries, said: “At Saffron, we put broker feedback at the heart of everything we do, and that becomes even more important when the market is developing so quickly. We continually review the factors at play, and have made changes to support the large loan market as a result.”
