Saffron Building Society has relaunched its two-year fixes for first-time buyers and has revamped its product portfolio ahead of the spring housebuying season.   

The mutual’s two-year FTB fixed rates are available with 90% loan to value and 95% LTV, at 5.57% and 5.87%, respectively, with no application or arrangement fees, and a free standard valuation.   

It has also reduced the rate on its 75% LTV self-build product, available with a 2.60% discount off its standard variable rate, meaning that its current rate is 5.39%, down from 5.59%.   

The firm has also published a new self-build guide, available free to brokers on the Saffron for Intermediaries, which is designed to help brokers better understand this area and help with the application process.  

Saffron Building Society head of business development Tony Hall says the lender “continues to support the vibrant self-build market with this rate reduction on loans up to £1m, which will allow even more people to realise their dream of building their own home.   

“As we enter self-build season in the UK we have published our new self-build guide which has been developed with one main objective in mind — to support brokers in the application process so that they can confidently advise clients on this big growth opportunity.”