Saffron for Intermediaries has announced reductions of 0.20% across several fixed rate mortgages within its Owner Occupied range. The changes, effective immediately, are intended to support borrowers navigating current affordability challenges and follow the Bank of England’s recent decision to hold the base rate.
Rates now start from 5.17% for a two-year fixed mortgage at 80% LTV, while the five-year fixed at the same LTV has fallen to 4.77%. The 85% LTV two-year fixed has dropped to 5.27%, and the 90% LTV two-year fixed now stands at 5.37%. Each comes with a £999 arrangement fee, and all include free valuations to help reduce upfront costs for applicants.
Tony Hall, head of business development at Saffron for Intermediaries, said: “We’re always keeping a close eye on the market, and despite no movement from the Bank of England on the base rate last week, we’re still pleased to be in a position to make these cuts across our Owner Occupied range.”
He added: “Affordability remains a point of concern for both advisers and borrowers, and we know every reduction can make a meaningful difference. However, this is just one part of the support we offer. Brokers regularly turn to us for our flexible criteria, and we’re excited to be expanding this even further next month.”
