Saffron Building Society Launches New 80% LTV Mortgage

The new mortgage is available to first time buyers and those looking to move or re-mortgage and is available for up to 80% of the property’s value.

John Eastgate, Saffron’s Sales and Marketing Director, said: "We are pleased to announce the launch of this mortgage at the same time as the government has upped support for those trying to get on the property ladder by scrapping stamp duty for homes below £250,000. Saffron has been working to help people buy their first home throughout the credit crisis. First time buyers are vital for the market place as they act as a catalyst for the rest of the chain so we believe this mortgage will be welcomed by new and existing members."

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