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Saffron introduces new range of limited company BTL mortgages

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).

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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.”

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