Saffron Building Society has launched four broker-exclusive mortgage products at 95% LTV.
The products are available fixed for two, three or five years with free valuations and no arrangement fee.
One of the products available is Saffron’s joint borrower sole proprietor mortgage and all four products allow buyers’ close family members to provide further financial support, accepting gifted deposits.
The range will be available from today for a limited duration only.
John Penberthy-Smith, chief commercial officer at Saffron Building Society, commented: “The first-time buyer market offers huge commercial potential for brokers. Here at Saffron, we’re here to help them tap into it, with products that will allow them to offer targeted support for these clients.
“These four products, designed to cater to first-time buyers’ unique needs, will help them to do just that.”
Justin Moy, Managing director at Essex Home Finance : “These funds are not going to be available for too long, as clients and brokers will look to secure this funding. We are grateful for this opportunity when other high street lenders move away from the small deposit market, but for First Time Buyers this may be the only way they can proceed.”
“Affordability will be tight so it is important that documents are presented quickly and in full, so we can ensure you qualify.