Saffron for Intermediaries has announced its new broker-only mortgage range.
The dedicated broker channel of Saffron Building Society has cut rates, raised loan-to-values (LTV) and removed early repayment charges (ERCs) on most deals.
Brokers can access the new fixed rates via a panel of distributors, which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options, TBMC and Vantage.
New features include:
Enhanced discounts across most products, including mortgages for the self-employed, professionals, contractors, self-builders, owner-occupiers and landlords.
Increased maximum LTVs for the self-employed (up from 80% to 85% LTV), owner-occupiers (up from 80% to 90% LTV) and buy-to-let mortgages (up from 75% to 80% LTV).
New 70% LTV band with thee-year discount at 3.19% for Everyday' purchase and remortgages.
Reduced reversion rate for professionals (1% lower) enabling them to borrow more.
Anita Arch, senior business development manager at Saffron For Intermediaries, said the new range includes a number of enhancements requested by brokers and borrowers.
"We've sharpened our rates, increased our LTVs and most of our products are ERC-free.
"Our mortgages cater for a wide range of situations and if an existing mortgage doesn't quite fit because your client requires features from several of our products, then we may be able to tailor a mortgage to suit their precise needs."
Saffron For Intermediaries does not use credit scoring, preferring instead to let underwriters assess each application on its own merits.
Comments