Saffron For Intermediaries has launched a range of new remortgage products.
Two-year discount rates are available at 1.49% to 60% LTV, 1.59% to 80% LTV and 2.29% to 90% LTV.
Meanwhile, thre-year discounts are priced at 1.89% to 60% LTV, 1.99% to 70% LTV, 2.19% to 80% LTV and 2.99% to 90% LTV.
Rates revert to Saffron’s standard SVR (currently 5.39%) after the discount period has ended
There is no arrangement tee and £800 cashback is available on completion.
An Early Repayment Charge of 2% is repayable during the discount period only.
The minimum loan size is £30,000 while the maximum is £1m to 80% LTV and £500,000 above 80% LTV.
Anita Arch, head of mortgage sales at the dedicated broker channel of Saffron Building Society, said: “Remortgaging is on the increase which is great news for brokers, but the sting in the tail with many remortgage products is that they come with hefty up-front fees, which is a disincentive for borrowers.
“We not only wanted to offer low rates, but also no arrangement fees and a cashback that, in the majority of cases, will cover the cost of typical valuation and legal fees.
“These products make remortgaging easy for both borrowers and brokers and help keep the cost of home ownership as low as possible.”