Everyday Buy-to-Let

Our everyday Buy-to-Let product range is available to first time landlords and existing landlords to purchase or re-mortgage a property.

Eligibility and applicant criteria

• Maximum Portfolio with Saffron of £3m (no external exposure limit)
• Regulated buy-to-let accepted – at some point, either now or in the future, you or an immediate family member* will occupy the premises or be a tenant. 

*(The definition of an immediate family member includes: parents, grandparents, child, grandchild, brother or sister.)

Loan, Fee and product details

• Interest only or repayment
• Maximum loan size £3,000,000. Loans over this are priced on a bespoke basis and have restricted LTVs
• For portfolio landlords the maximum LTV INCLUDING fees is 75%

Property requirements

• Property must be let on an AST
• Minimum Property Value: £100,000
• Rental assessment is based on occupation by 1 family on an unfurnished let
• No HMOs or Limited Companies

Affordability and income criteria

• 5 Year Fixed Rates: Rental Cover 140% of pay rate
• Rental Cover on debt for debt re-mortgage cases 125% of pay rate
• For unexperienced landlords, at least one applicant must meet the minimum income requirement of £25,000 and a minimum of 12 months landlord experience
• No minimum income for experienced landlords - with a minimum of 12 months experience
• Rental assessment is based on occupation by 1 family on an unfurnished let