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Saffron Building Society – Two-Year Base Rate Tracker Mortgage – Direct

Saffron Building Society – Two-Year Base Rate Tracker Mortgage – Direct

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 1.49% above the Bank of England base rate

Minimum loan: £50,000

Maximum loan: Up to 65% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed in the tracker period without penalty, available for direct purchase-only mortgages within Saffron’s branch area including Essex, Herts, Cambs, Suffolk, Norfolk and E postcodes in London

Arrangement fee: £995

Redemption fee: 2% of the amount repaid in the first two years

Introducer’s fee: None

Contact: www.saffronbs.co.uk

 

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