Saffron for Intermediaries has announced rate reductions across three of its Owner Occupied and Green Residential mortgage products as part of its ongoing product evaluation. The move is designed to aid brokers supporting clients in need of larger finance packages.
Owner Occupied and Large Loan Support
Saffron for Intermediaries has enhanced its support for borrowers by competitively repricing two of its 80% LTV Owner Occupied mortgages. Further information is detailed below:
- 80% LTV 2-year fixed-rate down 0.3% from 5.67% to 5.37%.
- 80% LTV 5-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.
Green Residential Reduction
Additionally, Saffron for Intermediaries has reduced the rate on its Green Residential mortgage. The 80% LTV 2-year fixed-rate product has been repriced from 5.67% to 5.37%.
Tony Hall, Head of Business Development at Saffron for Intermediaries, commented:
“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.”
