Saffron For Intermediaries launches new fixed deals

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Saffron For Intermediaries has launched three fixed rate deals for homeowners and first time buyers.

The lender has brought in a three-year fix for homeowners and remortgagors at 2.07 per cent up to 80 per cent LTV.

The loan has a £995 arrangement fee and applies to loans between £30,000 and £1m.

Early repayment charges are 3 per cent of the outstanding balance during the fixed rate period.

Loans are available on a repayment and interest-only basis.

However, interest-only loans are available up to 70 per cent LTV and subject to an acceptable repayment strategy.

the lender has also brought in a five-year fix at 2.27 per cent up to 80 per cent LTV.

The mortgage has a £1,495 arrangement fee and also applies to loans between £30,000 and £1m.

The loan is also available on a repayment and interest-only basis on the above terms.

Saffron For Intermediaries has also launches a first-time buyer loan.

The mortgage is available at 3.97 per cent until 30 June 2020 up to 95 per cent LTV.

The loan is for house purchase only between £30,000 and £500,000.

Loans up to £1m will be considered within the M25, up to 90 per cent LTV and subject to underwriter checks.

All products have a 10 per cent overpayment allowance per year, calculated on capital borrowed at the start of the loan.

Saffron For Intermediaries head of mortgage sales Anita Arch says: “We’re delighted to be launching these fixed rate deals, which will help both existing homeowners and first-time buyers benefit from the very low rates that are currently available.”