Rate cuts include a 0.5% reduction on its five-year fix self-employed mortgage
Saffron for Intermediaries has unveiled a series of rate reductions across 12 of its key products.
The adjustments, spanning owner-occupier, self-employed, contractor, and buy-to-let mortgage ranges, align with shifts in mortgage swap rates.
For self-employed and contractor mortgages, significant reductions have been implemented. The following are the self-employed and contractor mortgage products that have had their rates reduced:
- 80% LTV five-year fixed rate self-employed product, down 0.3% from 5.97% to 5.67%
- 90% LTV two-year fixed rate self-employed product, down 0.3% from 7.07% to 6.77%
- 90% LTV five-year fixed rate self-employed product, down 0.5% from 6.87% to 6.37%
- 80% LTV five-year fixed rate contractor product, down 0.5% from 5.87% to 5.37%
- 90% LTV five-year fixed rate contractor product, down 0.6% from 5.97% to 5.37%
The lender has also extended rate reductions to the following owner-occupier mortgages:
- 80% LTV two-year fixed rate, down 0.3% from 5.97% to 5.67%
- 80% LTV five-year fixed rate, down 0.5% from 5.67% to 5.17%
- 90% LTV two-year fixed rate, down 0.4% from 6.07% to 5.67%
- 90% LTV five-year fixed rate, down 0.6% from 5.77% to 5.17%
Furthermore, Saffron has implemented rate reductions on its buy-to-let, limited company buy-to-let, and expat buy-to-let products:
- 75% LTV five-year fixed rate expat buy-to-let product, down 0.6% from 6.87% to 6.27%
- 75% LTV five-year fixed rate buy-to-let product, down 0.4% from 6.27% to 5.87%
- 75% LTV five-year fixed rate limited company buy-to-let product, down 0.4% from 6.27% to 5.87%
“Ensuring we continually review our product range, so it remains as competitive as possible for our broker partners and their clients, is of the upmost importance to us,” Tony Hall (pictured), head of business development at Saffron for Intermediaries, said. “As the market evolves, we want to ensure we adapt with it too.
“This latest round of rate reductions is a testament to our goal of providing affordable mortgage support to those with specialist requirements and complex sources of income.”
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