"We continually review the factors at play, and have made changes to support the large loan market as a result"
- Tony Hall - Saffron for Intermediaries
Saffron for Intermediaries has enhanced its support for borrowers by repricing two of its 80% LTV owner-occupied mortgages. Further information is detailed below:
80% LTV 2-year fixed rate down 0.3% from 5.67% to 5.37%.
80% LTV 5-year fixed-rate large loan product down 0.3% from 5.67% to 5.37%.
The maximum loan size sits at £3m (80% LTV) for Saffron’s Owner Occupied mortgage product range, and £5m for its Owner Occupied Large Loan range.
Green residential reduction
Additionally, Saffron for Intermediaries has reduced the rate on its Green Residential mortgage. The 80% LTV 2-year fixed-rate product has been repriced from 5.67% to 5.37%.
Tony Hall, Head of Business Development at Saffron for Intermediaries, commented: “At Saffron, we put broker feedback at the heart of everything we do, and that becomes even more important when the market is developing so quickly. We continually review the factors at play, and have made changes to support the large loan market as a result.”
