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Professional Mortgage range to include 5-year discount up to 90% LTV

14 August 2015

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has extended its range of Professional Mortgages to include a 90% LTV deal with the following features:

  • Rate: 3.99% 5-year discount. The rate then reverts to 4.39%, which is Saffron’s standard SVR (currently 5.39%) minus 1%
  • Max LTV: 90%
  • Arrangement Fee: £1,550
  • Incentive: Borrowers can repay capital at any time and reduce their mortgage rate if they move into a lower LTV band, with no additional fee
  • Early Repayment Charge: None
  • Loan type: House purchase or remortgage on repayment basis only
  • Loan size: Min £30K, Max £500K
  • Portable: Yes

Anita Arch, Head of Mortgage Sales, said: “We’ve listened carefully to feedback from brokers and have extended our professional range to include a 90% LTV deal. This will be particularly attractive to qualified professionals in the early stages of their careers, who have the ability to pay-down their debt as they continue to move up their chosen career ladder.

“Key features of all our Professional Mortgage deals include a tailored affordability calculator which includes a lifetime revert rate that is 1% below our standard SVR. Borrowers can also repay capital and benefit from a reduced mortgage rate, if their loan moves into a lower LTV band. There is no additional charge for this service.”

Brokers can find further information about this deal and Saffron’s other products and services by visiting: www.saffronforintermediaries.co.uk