Saffron launches limited company buy-to-let
Saffron Building Society has launched a limited company buy-to-let mortgage for landlords purchasing or remortgaging.
It’s a 3.17% fixed for two years with a maximum loan-to-value of 74%, a minimum loan of £30,000 and 2% ERCs for two years.
Anita Arch, Saffron’s head of mortgage sales, said: “With interest rates predicted to remain flat for the next 20 years many investors continue to see buy-to-let as a solid method to receive a good return on investment.
“This said, landlords could be negatively impacted by the current changes in tax law and receive a reduced income as a consequence. Our new limited company buy-to-let mortgage creates a new option for intermediaries to consider and introduce to their customers to address this.”