x
By using this website, you agree to our use of cookies to enhance your experience.
Written by Emma Lunn

Saffron for Intermediaries, the broker channel of Saffron building society, has removed its minimum income requirement for buy-to-let customers.

Previously, borrowers had to earn a minimum of £25,000 per annum but this requirement has been axed. The lender’s new criteria state that one applicant needs to be in receipt of earned or pension income and is registered for UK tax.

Saffron BS has also made changes to its criteria for first-time buyer mortgages.

Head of mortgages Peter Izard says: “These criteria changes further strengthen our buy-to-let and first-time buyer propositions, both of which had a further boost last week when we announced the launch of a limited tranche of two-year fixed rate funding.

“Our new fixed rates start from 3.47% for employed and self-employed borrowers and are available up to 95% LTV for both first-time buyers and next-steppers.”

Brokers can access Saffron’s ranges through a panel of distributors which includes 3mc, AToM, Brightstar, Complete FS, L&G Network, Platinum Options and tbmc.

Comments

MovePal MovePal MovePal