Saffron cuts residential mortgage rates by 0.20%

Saffron for Intermediaries has announced rate reductions across its residential mortgage range. 

The lender has reduced selected two and five-year fixed rates by 0.20%.

At 80% LTV, two-year fixed rates now start from 5.17% and five-year fixes from 4.77%.

An 85% LTV two-year fix has decreased to 5.27% and a 90% LTV two-year fix is down to 5.37%.

All products come with a £999 arrangement fee and the range also benefits from free valuations.

Tony Hall, head of business development at Saffron for Intermediaries, commented: “We’re always keeping a close eye on the market, and despite no movement from the Bank of England on the base rate last week, we’re still pleased to be in a position to make these cuts across our owner occupied range.

“Affordability remains a point of concern for both advisers and borrowers, and we know every reduction can make a meaningful difference. However, this is just one part of the support we offer. Brokers regularly turn to us for our flexible criteria, and we’re excited to be expanding this even further next month.”