Saffron For Intermediaries enhances expat buy-to-let criteria

Saffron Building Society has refreshed its range of expat mortgages with a number of criteria changes, including a new 55% LTV band and an increased maximum LTV of 75%.

Related topics:  Mortgages
Rozi Jones
8th August 2018
euro, eurozone, flag, ecb
" There has never been a better opportunity for brokers to introduce this product range to existing and would be customers residing abroad."

There is now no restriction on countries, with regulated buy-to-let accepted from non-EEA countries, and the range will be available to first-time buyers.

Additionally, no UK mortgage history or minimum income will be required.

As part of the changes, Saffron has launched new three-year discounted and five-year fixed rates available for purchase and remortgage.

The new three-year discounted rate is available at 3.39% to 55% LTV and five-year fixes start from 4.07% at 55% LTV and 4.57% up to 75% LTV.

Colin Field, CEO at Saffron Building Society, commented: “With high numbers of UK Nationals living overseas and the launch of Saffron’s enhanced expat buy-to-let offerings there has never been a better opportunity for brokers to introduce this product range to existing and would be customers residing abroad.”

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