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First Time Buyer 2 Year Fixed
Residential Adverse Buy to Let Secured Bridging Commercial
No arrangement fee & £500 cashback
Saffron For Intermediaries has launched a new 2-year fixed rate mortgage for first time buyers with the following features:
Rate: 4.47% fixed until 31.08.2017 (the rate then reverts to Saffron's standard SVR, which is currently 5.39%)
Max LTV: 95%
Arrangement Fee: None
Incentive: £500 cashback on completion
Early Repayment Charge: 2% until 31.08.2017
Loan Type: House purchase on repayment basis only
Loan size: Minimum £30,000, Maximum £500,000
Portable: Yes
  Anita Arch, Head of Mortgage Sales, said: "CML data confirms that 46% of all newmortgages for house purchase are currently being taken by first-time buyers. Surprisingly,however, in the popular 2-year fixed rate category, less than a third of mortgages areavailable via brokers. "This deal offers brokers an attractive package for their fist-time buyerclients: a competitive 2-year fix up to 95% LTV, no arrangement fee, no overhangingredemption penalties and a £500 cashback on completion. "There is only a limited tranche of funding for this product, which will be allocated on a first come, first served basis."  
  Professional Mortgage range extended to include 5-year discount up to 90% LTV  
Proc Fee 0.35%
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