Saffron for Intermediaries has launched a 3.97% 5-year fixed rate mortgage for first-time buyers to 95% loan-to-value.
Saffron for Intermediaries has launched a 3.97% 5-year fixed rate mortgage for first-time buyers to 95% loan-to-value.
The mortgage comes with an arrangement fee of £495, is for loans between £30,000 and £500,000 and allows 10% of additional payments per annum without penalty.
Anita Arch, head of mortgage sales, said: “5-year fixes have become increasingly popular, as borrowers want to lock-into today’s highly competitive rates before they start to rise once again.
“The 5-year fix launched today not only offers first-time buyers an excellent rate, but also access to Saffron’s individual underwriting which is not dependant on credit scoring.”
