Saffron for Intermediaries has made a series of changes to its product range, including expanding its first-time buyer mortgage options.
Selected products will be removed at 5.00pm on Tuesday 7th November 2023, with the refreshed range introduced on Wednesday 8th November.
Products being withdrawn include: owner-occupied fixed rates at 80% and 90% loan-to-value (LTV); green residential fixed rates at 80% LTV; self-employed fixed rates at 80% LTV; contractor fixed rates at 80% and 90% LTV; first-time buyer fixed rates at 90% and 95% LTV; joint borrower sole proprietor (JBSP) fixed rates at 95% LTV; and limited company buy-to-let fixed rates at 75% LTV.
Products being introduced the following day with reduced rates include: self-employed fixed rates at 6.07% and 5.97%; contractor fixed rates at 6.07% and 6.27%; owner-occupied fixed rates at 5.97% and 6.07%; JBSP fixed rates at 6.17%; limited company BTL at 6.17%; and green residential fixed rates at 5.97%.
For first-time buyers, Saffron will bring in four products to replace the two that were pulled: a 2-year 90% LTV fix at 6.67%; a 5-year 90% LTV fix at 5.87%; a 2-year 95% LTV fix at 6.97%; and a 5-year 95% LTV fix at 6.07%.
