Saffron expands 2-year range

The new fixed rates are available immediately and are being offered in addition to Saffron’s existing variable and discounted rates.

Fixes start from as low as 3.47% for employed and self-employed borrowers and are available up to 95% LTV for both first-time buyers and next-steppers.

Peter Izard, head of mortgages, said: “We’re delighted to be able to offer borrowers the opportunity to lock into today’s low rates and take advantage of reduced borrowing costs, before they inevitably start to climb once again.

“Applicants have the choice of either a fixed rate, or one of our existing discounted or variable rate deals which continue to offer benefits such as capital repayment incentives and no early repayment charges.

“What’s more, our fixed rates are available up to 80% LTV on buy-to-let mortgages and we’ve reduced the arrangement fee to 2% for landlords wanting to refurbish property.”

Saffron For Intermediaries does not use credit scoring, preferring instead to let skilled underwriters assess each application on its own merits.

Brokers can access the new fixed rates via a panel of distributors, which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options and tbmc.