Saffron for Intermediaries has announced rate cuts on three of its mortgage products.
The adjustments include a 0.3% reduction in both the 80% LTV 2-year and 5-year fixed-rate Owner Occupied mortgages, bringing them down from 5.67% to 5.37%.
Similarly, the Green Residential 80% LTV 2-year fixed-rate product has also been reduced from 5.67% to 5.37%.
These changes are intended to enhance support for brokers in the Owner Occupied mortgage sector, where the maximum loan sizes are £3m for standard products and £5m for large loan products.
Tony Hall, head of business development at Saffron for Intermediaries, said: “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.”
