New occupational mortgage rates launched at Saffron

Saffron For Intermediaries has announced this morning that it has launched new fixed rate products on its occupational range of mortgages.

Related topics:  Finance
Warren Lewis
18th July 2016
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According to the lender, the products are all fixed unti 31/01/20, have a £999 arrangement fee and ERC of 3%.

New self-employed rates include a 70% LTV at 3.27%, 80% LTV at 3.67% and an 85% LTV at 3.97%.

New Contractor rates are available at 3.37% up to 70% LTV, 3.67% up to 80% LTV, 3.97% up to 85% LTV, and 4.17% up to 90% LTV.

Professional rates are available at 10 bps lower than the Contractor range.

Anita Arch, Head of Mortgage Sales, said: “We’re delighted to have launched these new fixed rate options, which I have no doubt will prove to be popular with both brokers and their clients."

Saffron recently announced an interest-only option across its occupational range of mortgages and has extended the end-date on its 3-year first-time buyer mortgage from the end of May to the end of November 2019.

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