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Saffron offers 95% FTB deal with no early exit fee
Saffron offers 95% FTB deal with no early exit fee
Saffron Building Society has opened-up access to its popular 95% LTV first-time buyer mortgage, to make it available via mortgage brokers based throughout England and Wales.
The First Time Buyer Mortgage, which was previously restricted to properties located in the East of England, is particularly suited to buyers making the transition from renting to home ownership, as it takes into consideration their previous rental payment history. The product has the following features:
– Available up to 95% LTV
– 5.99% fixed rate to 31/08/2016 followed by 5.39% SVR for the remaining term (the overall cost for comparison is 5.7% APR)
– No early repayment charges
– Can be used for purchases up to a maximum of £500,000
– £495 arrangement fee (other fees may also apply)
Saffron BS launches Next Step mortgage to help second-steppers
Saffron BS launches Next Step mortgage to help second-steppers
Saffron Building Society has announced the launch of a new mortgage designed to help second and subsequent time buyers struggling to raise a deposit, take their next step on the housing ladder.
The Next Step Mortgage, which is available via mortgages brokers, has the following features:
– Available up to 95% LTV
– 5.99% rate fixed to 31/8/16
– No early repayment charges
– For house purchases up to £500,000
– £495 arrangement fee
– also available to third, fourth and subsequent time movers