Saffron cuts rates on second stepper and buy to let mortgage deals.
Saffron for Intermediaries has announced that it has reduced both second stepper and 2 year buy to let mortgage rates.
The first deal to be reduced in price is its 3 year fixed second stepper mortgage rate. This deal is aimed home-owners who have purchased a first home, who are now finding it a struggle to raise enough of a deposit to move up the housing ladder.
Existing home-owners with just 5% as a deposit are now offered a rate of 5.39% which is down from 5.99% for. This deal comes with a low £495 mortgage fee and no early repayment charge.
The next deal to be reduced in price is Saffron's light refurbishment buy to let mortgage.
A 2 year fixed buy to let deal is now available at 5.23% which is down from 5.89% for 75% loan to value. The maximum advance is £500,000, fees charged are 2.5% and a 2% early repayment charge is applied.
If you are looking to move up the property ladder, or invest in a rental property with a competitive buy to let mortgage Deal Direct can help.
If you would like to make a comparison of these new mortgage deals against other lenders competitive offers, call and speak to an adviser on 0800 048 8828.
Contact an adviser today for an affordable mortgage deal.
