Saffron relaunches buy-to-let offering and reprices resi rates

Limited company and expat products are among the buy-to-let relaunch.

Related topics:  Mortgages,  Buy-to-let
Rozi Jones | Editor, Financial Reporter
3rd July 2023
Saffron Building Society
"This product reprice and relaunch means that Saffron continues to be able to give choice to our broker partners."

Saffron Building Society has relaunched a range of buy-to-let products, including limited company and expat products.

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 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%.

In its residential range, Saffron has repriced selected self-employed products, with a two-year fixed rate at 80% LTV now 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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