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Saffron launches limited company BTL mortgage

Saffron Building Society has introduced a new limited company buy-to-let mortgage product, available at 75% loan-to-value on a two-year fixed rate deal at 3.17%.

The new mortgage product, which is aimed at portfolio landlords, has a maximum loan value of £1m, an early repayment charge of 2%, and overpayments of 10% per annum.

Anita Arch, head of mortgage sales at Saffron Building Society, said: “With interest rates predicted to remain flat for the next 20 years many investors continue to see BTL 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 BTL mortgage creates a new option for intermediaries to consider and introduce to their customers to address this.”

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