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Saffron rejigs self-employed mortgage range

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  • 09/08/2017
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Saffron rejigs self-employed mortgage range
Saffron for Intermediaries has announced a host of changes to its range of mortgages for self-employed and contractor borrowers.

Rates and fees have been reduced across the board, while there is also a new 60% loan-to-value (LTV) band.

Fixed rates for the self employed begin at 3.27% until April 2021 at up to 80% LTV, and 3.17% for contractors, both of which come with early repayment charges of 3% and a £999 fee.

Anita Arch, head of mortgage sales at Saffron, noted that all products were also available on an interest-only basis, with a maximum LTV of 70%.

She added: “The self-employed and contractors are a growing sector of our national workforce and these enhancements will help them to drive-down the cost of either purchasing or remortgaging property.”

Back in June Saffron announced it had begun lending to self-employed borrowers at 90% LTV with just one year of accounts.

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