Saffron improves expat BTL range
Saffron Building Society has improved its range of expat buy-to-let mortgages by introducing reduced rates and extended terms.
This offering gives brokers the opportunity to provide new options to landlords looking to purchase or remortgage a buy-to-let property in the UK whilst living abroad.
Key features include fixed rate fees reduced from 2.5% to 1% and discounted rate fees reduced from 2.5% to a fixed fee of £1,299.
There is also a reduced term on their discount rate at 55% LTV, from three years to two years.
Anita Arch, head of mortgage sales at Saffron Building Society, said: “As a specialist mortgage provider we are delighted to bring this range of improved expat buy-to-let mortgages to the broker market, which is what our intermediaries have been asking for.
“Investment opportunities for those living abroad can be limited, this latest option for landlords opens more doors to maximise income.”
Mortgage offers will be considered for expats residing in any location including popular destinations such as Australia, New Zealand and the USA.