Saffron for Intermediaries has announced a reduction of 0.40% across its owner-occupied mortgage range to assist borrowers in securing more affordable rates.
The updated rates now begin at 4.77% for the 85% loan-to-value (LTV) 2-year fixed rate product and 4.37% for the 85% LTV 5-year fixed rate.
For those looking for lower LTV options, the rates for the 80% LTV 2-year fixed rate product have been set at 4.67%, and the 80% LTV 5-year fixed rate starts at 4.17%.
Each product carries a £999 arrangement fee.
In addition to the rate reductions, Saffron is providing free valuations to help reduce the upfront costs for buyers and movers looking to secure a mortgage.
Tony Hall, head of business development at Saffron, said, “The mortgage market is in a really positive place right now, and as a result, we are delighted to announce these rate reductions across our Owner Occupied range.
“With the cost-of-living continuing to squeeze the finances of homeowners and prospective buyers, these new rates aim to help make the process of buying or moving home more affordable.”
