Saffron for Intermediaries has made rate reductions across a number of products.

The changes are as follows:

Owner-occupied rate reductions:

Rate reductions have been made to Saffron’s owner occupied products, including its owner-occupied large loan product, which caters for loans of up to £5 million. In addition, the lender has announced a new 85% LTV band for residential owner occupier products for those with a 15% deposit. The full series of new rates includes:

• 85% LTV 2-year fixed rate Owner Occupied product at 5.37%, £999 arrangement fee
• 85% LTV 5-year fixed rate Owner Occupied product at 5.47%, £999 arrangement fee
• 80% LTV 2-year fixed rate Owner Occupied product down 0.4% from 5.67% to 5.27%, £999 arrangement fee
• 80% LTV 5-year fixed rate Owner Occupied, large loan product down 0.6% from 5.37% to 4.77%, £1495 arrangement fee

Expat buy-to-let rate reductions:

Rate reductions have been made to Saffron for Intermediaries’ expat buy-to-let products. These rate changes will offer support to both first-time landlords, and more experienced portfolio landlords and follow the introduction of a new fixed-fee expat buy-to-let product in March. The full series of new rates includes:

• 75% LTV 5-year fixed rate expat buy-to-let product down 0.2% from 5.87% to 5.67%, £2500 arrangement fee
• 75% LTV variable rate expat buy-to-let product at SVR -2.8%, £1995 arrangement fee

Green residential rate reductions:

Meanwhile, Saffron for Intermediaries has reduced rates on its green residential product, designed to give homebuyers and movers as many opportunities as possible to find a suitable product for their circumstances. The rate change is:

• 80% LTV 2-year fixed rate green residential product down 0.4% from 5.67% to 5.27%, £999 arrangement fee.

Tony Hall (pictured), head of business development at Saffron for Intermediaries, said: “In the aftermath of the election uncertainty, and ahead of a potential base rate reduction, we are delighted to be able to announce reduced rates across a range of our products.

“We are increasingly aware of the more complex circumstances of today’s borrowers, and that the approach to mortgages must reflect this. This is why we are constantly looking for ways to enhance our mortgage products to ensure that we can help as many borrowers as possible to find a product that works for them. Today’s announcement is just another step towards that goal.”