Saffron Building Society reduces fees on Brightstar-exclusive Fixed BTL mortgage

Saffron Building Society today announces the reduction of the fee on its 4.99% Fixed (until 30.04.15) BTL mortgage, from 3% down to 2%. This product is available exclusively via sp

Related topics:  Mortgages
Millie Dyson
20th October 2011
Mortgages
This exclusive mortgage has a maximum LTV of 80% and the added incentives of refunded valuation fees and free basic legal work on remortgages.

John Eastgate, Saffron’s Sales and Marketing Director, said:

“Reducing the fees on this exclusive Buy-to-Let mortgage will no doubt heighten the attraction of what is already a distinctive product, owing to its 80% maximum LTV.

"Our common-sense attitude to lending allows us to support a wide range of mortgages and we think that our personal underwriting approach differentiates us from the mass market.”

Rob Jupp, Managing Director at Brightstar, said:

“Feedback from our broker partners loved the loan to value at 80%, loved the rent calculation, but felt the completion fee was too high. Our friends from The Saffron listened to our feedback and have made this really positive change."
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