The product has been designed with no Early Repayment Penalty whatsoever, but also benefits from a generous 0.40 per cent from Saffron’ s Standard variable Rate for 2 years.
The 4.99 per cent variable rate product is available up to 75 per cent, with fees able to be added and interest only available. The rental calculation is 125 per cent of the monthly mortgage payments with a 1.99 per cent completion fee.
John Eastgate, Sales and Marketing Director of The Saffron commented:
“We're delighted to offer this exclusive buy to let mortgage. Saffron takes great pride in working with brokers to deliver products their customers are truly looking for; it's a reflection of our tailored and flexible service seen in our underwriting and product development.”
Rob Jupp, Managing Director of Brightstar Financial Said:
“Our focus group of brokers requested an ERC free buy to let product and we are delighted that our friends at The Saffron Building Society could deliver the product.”
The product is only for properties in England and Wales and is available from Monday 09th May.
