Saffron relaunches BTL, LTD Company BTL, and Expat BTL fixes

Saffron For Intermediaries has announced that it has repriced selected residential products and relaunched several BTL products following earlier withdrawals from the market.

Related topics:  Finance,  Landlords,  BTL,  Saffron
Property | Reporter
3rd July 2023
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The Society is repricing across a selection of residential products and has also taken the decision to relaunch a range of BTL fixes.

A buy-to-let five-year fixed rate at 75% LTV has been reintroduced at 6.37%.

For limited company buy-to-let, a two-year discounted product at 75% LTV is available at 6.09% and a five-year fix has been relaunched at 6.57%.

Two new expat buy-to-let products have also been reintroduced, with a two-year discount product starting at 6.19% and a five-year fix at 6.67%.

Saffron has repriced selected self-employed products in its residential range, with a two-year fixed rate at 80% LTV starting from 6.77% and a five-year fix moving to 6.67%.

A two-year discount residential product is now available at 4.99% up to 80% LTV and a retro-fit residential two-year fix has been adjusted to 6.47% at 80% LTV.

Tony Hall, head of business development at Saffron Building Society, commented: “This product reprice and relaunch means that Saffron continues to be able to give choice to our broker partners.

"Product withdrawals and relaunches are a common feature of the mortgage market and with that in mind, I am pleased that we can offer fair and reasonable notice to brokers, and then return with refreshed products swiftly after.”

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