View more on these topics

Saffron launches interest free product

Saffron has launched its lowest ever mortgage rate with 0% interest for the first six months.

The mortgage is particularly targeted at those who have recently divorced or separated and need some time to get back on their feet after moving house.

After the interest-free period the next 30 months are at the discounted rate of 0.7% off the SVR, currently equivalent to 6.39%.

For the remainder of the life of the loan it will stay at the SVR, which currently stands at 7.09%.

It is available up to 85% LTV between 50,000 and 500,000.

Andy Golding, chief executive of Saffron, says: This mortgage is designed to minimise a borrowers monthly mortgage payments at the start of the loan, making it ideal for those needing that little extra breathing space until they find their feet.

Anyone considering taking such a large financial decision as taking out a mortgage should always seek financial advice on which product meets their needs.


Cummings hails regulation of claims firms as victory for AMI

Chris Cummings has hailed the upcoming regulation of claims management firms on April 16 as a lobbying victory for the Association of Mortgage Intermediaries.In his opening speach at the Financial Services Scotland conference, held in Glasgow today, Cummings hit out at the “ambulance chasing brigade” and praised the upcoming regulation set to hit them.He told […]

N&P unveils rate reductions

Norwich and Peterborough is reducing the rates on two of its 10-year fixed rate mortgages.Richard Barker, product manager for N&P, says: Following recent movements in money market rates, were pleased to be able to reduce the rates on two of our 10-year fixes, and to offer our customers new rates of 5.31% and 5.38%. Following […]

N&P launches long-term fixes

Norwich and Peterborough has launched two long-term fixed rates. The 15-year fixed product has a rate of 5.48% while the 20-year deal has a 5.28% rate. Both have maximum LTVs of 90%.

Exhibitors report quality leads at the Homebuyer Show

A record number of visitors attended the Homebuyer Show at the weekend, resulting in exhibitors reporting a greatly increased number of quality leads.Nearly 15,000 attended the show at London’s ExCeL Centre which had over 250 exhibitors specialising in all areas of property investment in the UK as well as a range of foreign markets from […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


News and expert analysis straight to your inbox

Sign up