23 June 2010
Saffron Building Society launches two new mortgage products
Saffron Building Society, the regional mutual serving East Anglia, today announced the launch of two new mortgage products.
The mortgages, which are available to new and existing members, increase the range of mortgages available from the building society which has already seen an 233% increase in lending on this time last year.
Both mortgages feature a competitive arrangement fee of £995 and are available by calling 0800 072 1100 or visiting www.saffronbs.co.uk/mortgages.
- Product details:
- Two year discount mortgage at 2.25% with up to 75% LTV
- Two year base rate tracker at 3.99% with up to 85% LTV
John Eastgate, Sales & Marketing Director of Saffron Building Society, comments, "The launch of these new products further extends our mortgage range and demonstrates our commitment to offering products which suit the needs of our members in the local community and beyond. And because we assess each individual application on its own merits rather than relying on credit scoring, we can go the extra mile to making sure that our customers get exactly what they need with the mortgage that suits their circumstances."
The two year discount product is available to direct customers only while the tracker product is available to direct customers and through intermediaries. Both products revert to the Saffron SVR (currently 5.39%) after two years.
Saffron currently offers a wide range of mortgages for first time buyers and those looking to move or re-mortgage, catering for a wide range of individual circumstances. All are underwritten manually by Saffron's experienced underwriting team, whose skill has seen the Society deliver industry-leading arrears performance. For an up-to-date overview, please go to www.saffronbs.co.uk/mortgages
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