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