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.”

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