Four residential products are repriced while five BTLs are reintroduced
Saffron Building Society has repriced selected residential products and relaunched a range of buy-to-let fixes.
“This product reprice and relaunch means that Saffron continues to be able to give choice to our broker partners,” stated Tony Hall (pictured), head of business development at Saffron Building Society.
“Product withdrawals and relaunches are a common feature of the mortgage market, and with that in mind, I am pleased that we can offer fair and reasonable notice to brokers, and then return with refreshed products swiftly after.”
The mutual has repriced two products for the self-employed with the two-year and five-year fix at 80% loan-to-value (LTV) now with a rate of 6.77% and 6.67% respectively.
The two-year discount owner-occupied at 80% LTV now has a rate of 4.99%, while the two-year fixed retro-fit residential, also at 80% LTV, comes with a rate of 6.47%.
Meanwhile, the reintroduced products include a five-year fixed buy-to-let at 75% LTV with a rate of 6.37%.
Two products have been relaunched in the limited company buy-to-let range, with two-year discount and five-year fixed, both at 75% LTV, having rates of 6.09% and 6.57% respectively.
Also reintroduced were two in the expat BTL range, with two-year discount and five-year fixed, both at 75% LTV, having rates of 6.19% and 6.67% respectively.
Several weeks ago, Saffron withdrew all fixed rate mortgage products across a number of its categories due to volatile market conditions.
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