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Saffron Building Society – Two-Year Discount Mortgage – Direct

Saffron Building Society – Two-Year Discount Mortgage – Direct

Type: Discounted-rate mortgage

Discounted term: Life of the loan

Discount: 1.5%

Payable rate: 3.89%

Minimum loan: £30,000

Maximum loan: Up to 85% 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 discount period without penalty, valuation refunded up to £500 and free legal fees for remortgages, available direct

Arrangement fee: £595 for loans up to £250,000, 0.5% of the original loan for loans over £250,000

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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