The new product is available for up to 80% loan to value and has no early repayment charges either during or after the fixed rate period.
Peter Izard, head of mortgages at Saffron, said: “Our 3-year fixed rate, in common with most of our products, has no early repayment charges either during or after the fixed rate period.
“This deal will run alongside our existing products and will be available for a limited period only so brokers should contact our distribution partners as soon as possible to secure funds.”
The product is available on Buy-to-Let, Self-Employed, Professional and Contractor Special Situations mortgages and can be accessed via a panel of distributors which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options & TBMC
Doug Hall, director of 3mc, said: “I have no doubt this 3-year fixed rate will prove to be popular as borrowers seek to lock into today’s low interest rates.
“This is an excellent deal and, when viewed as part of Saffron’s Special Situations range will have strong appeal to the groups at which it is targeted.”
