Loyalty 3.29% Three Year Tracker

3.29% tracking the Bank of England base rate* which is currently 0.5% plus 2.79% for three years, 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 time during the life of the mortgage, the applied rate will not go below a floor of 3.00%.

The overall cost for comparison is 5.2% APR

Key features

• Exclusive to holders of a Saffron mortgage and only available when making a switch from another Saffron product. An Early Repayment Charge may be payable on your existing mortgage - please note that these cannot be added to your new mortgage.
• Available up to 60% of the current property value
• Minimum loan of £30,000
• Maximum loan of £500,000
• There is an arrangement fee of £295
• If the loan is repaid in full within three years from the date of the switch, an early repayment charge of 3% of the balance outstanding at the time of the switch is payable.
• Capital repayments up to 10% of the balance outstanding at the time of the switch are allowed per year, during the early repayment charge period for this product without incurring a charge
• Please note - customers holding over £1000 in a Saffron savings account at the time of the product switch are entitled to a £100 rebate on our mortgage fees. Your mortgage adviser can provide further details of this rebate.

* Following a change in the Bank of England base rate, our tracker rates will change within 28 days.

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

Capital repayments up to 10% of the balance outstanding at the time of this switch 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 balance outstanding at the time of this switch 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.

Sitemap