Saffron enhances mortgage range
Saffron Building Society has enhanced its range of limited company buy-to-let mortgages.
Saffron have introduced a new 5-year fixed product and improved rates and reduced arrangement fees on their 2-year limited company buy-to-let mortgages.
Highlights include a 2-year 2.97% fixed rate limited company buy-to-let product at 75% LTV, and a 5-year 3.47% fixed product at 75% LTV with rental cover at 125% of pay rate.
The products come with an arrangement fee of 1% along with overpayments being 10% per annum penalty fee.
Anita Arch, head of mortgage sales at Saffron, said: “For those landlords wanting to make the return on their investment more tax efficient through a limited company our lower rate 2 year fixed mortgage, the introduction of a new 5 year fixed product and a 1 % decrease in arrangement fees is worth consideration.
“Intermediaries have attractive new options to offer their landlord clients.”