The four residential mortgages are available from today and are two-year fixed rates. There are two 80 per cent loan to value (LTV) products and two 90 per cent LTV options.
On the 80 per cent LTV side, its first product has no arrangement fee, no application fee and free valuation, and comes with a rate of 3.07 per cent. Its other 80 per cent LTV product has free valuation and no application fee along with an arrangement fee of £999, offers a rate of 2.97 per cent.
Its 90 per cent LTV product also has no arrangement fee, no application fee and free valuation, with a rate of 3.77 per cent. Its other product has an arrangement fee of £999 and rate of 3.67 per cent.
Tony Hall (pictured), head of mortgage sales at Saffron for Intermediaries, said: “Following the unexpected market boom during the pandemic, we are still seeing buoyancy as a surge of homeowners look to remortgage and take advantage of lower rates.
“In response to this, we have not only reviewed the rates of our products, but also provided some flexibility with the additional benefit of having, or not having, an arrangement fee to reduce the fixed term rate – which allows the applicant a choice depending on their preference.”