Home Buyers' 5.89% Fixed until 30/11/12

5.89% fixed until 30/11/2012, then changing to our standard variable rate which is currently 5.39% and remaining on the standard variable rate terms for the life of the loan. At any stage during the lifetime of the mortgage, the applied rate will not go below a floor of 3.00%.

If you are a first time buyer looking for your first mortgage, then our Home Buyers' 5.89% Fixed until 30/11/12 mortgage could be ideal for you.

As a local mutual, we're keen to help local first time buyers and our Home Buyers' 5.89% Fixed until 30/11/12 mortgage is only available to first time buyers wishing to purchase their first home in our branch catchment area. For all other house movers, the property must be situated in England or Wales.

The overall cost for comparison is 5.7% APR

Key features

Available up to 90% of the current property value
Minimum property valuation for first time buyers is £100,000
This product is available to those moving home and first time buyers
Minimum loan of £30,000
Maximum loan of £500,000
There is an arrangement fee of £995
If the loan is repaid in full on or before 30/11/2012, an early repayment charge of 2% of the advance is payable
10% capital repayments allowed each year until 30/11/2012

Saffron's branch area is:
Essex
Hertfordshire
Cambridgeshire
Suffolk
Norfolk
London where the postcode starts with E.

Your home may be repossessed if you do not keep up repayments on your mortgage

How much would this mortgage cost you ?

Capital repayments up to 10% of the original amount borrowed are allowed per year during the early repayment charge period for this product without incurring a charge. They must be for a minimum of £500 in addition to the normal monthly repayment. If the capital repayment is more than 10% of the original amount borrowed then the early repayment charge will be applied to the capital repayment (partial redemption).

Rates correct at time of going to print. Mortgage products are subject to availability.

Member of the Building Societies Association. Saffron Building Society is authorised and regulated by the Financial Services Authority and is entered on the Financial Services Authority Register no. 100015.

Registered Office: Saffron House, 1A Market Street, Saffron Walden, Essex CB10 1HX. The main business of the Society is the provision of residential mortgages and retail savings products to new and existing customers.

Amount to borrow: £	min: £30,000 \| max: £500,000
Repayment period (years):	min: 5 years \| max: 30 years