Saffron Building Society has added it its limited company buy-to-let range with the introduction of a new five-year fixed rate product, improved rates and reduced arrangement fees.
Saffron Building Society continues to develop its specialist lending range for landlords with the introduction of a new five-year fixed product, and improved rates and reduced arrangement fees on their two-year limited company buy-to-let mortgages.
New products include a two-year fixed rate at 2.97%, available up to 75% loan-to-value (LTV).
There is also a new five-year fixed rate deal available at 3.47%, which is also offered at up to 75% LTV, subject to a rental cover 125% of pay rate.
The five-year fixed rate has a 1% arrangement fee and is available for purchase or remortgage.
Anita Arch, Saffron’s head of mortgage sales, commented: “For those landlords wanting to make the return on their investment more tax efficient through a limited company our lower rate two-year fixed mortgage, the introduction of a new five-year fixed product and a 1% decrease in arrangement fees is worth consideration. Intermediaries have attractive new options to offer their landlord clients.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.