Saffron unveils 2.57% 5-year fix

The mortgage is for house purchase or remortgage and comes with a £1,495 arrangement fee, allows additional payments of 10% per annum and has an early repayment charge of 3%.

Saffron for Intermediaries has unveiled a limited edition 5-year fixed rate mortgage at 2.57% to 75% loan-to-value.

The mortgage is for house purchase or remortgage and comes with a £1,495 arrangement fee, allows additional payments of 10% per annum and has an early repayment charge of 3%.

Anita Arch, head of mortgage sales, said: “We’re delighted to be launching this highly competitive 5-year fixed rate deal, which enables borrowers to lock into today’s low interest rates.

“Borrowers will also benefit from Saffron’s individual underwriting which is not dependent on credit scoring and intermediaries will receive a fast and efficient service.”