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.

Who is this product suitable for?

• First Time Buyers
• First Time Landlords
• Existing landlords looking to purchase a new property or remortgage an existing property
• Portfolio Landlords
• Regulated Buy-To-Let landlords - 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 & 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%
• Maximum Portfolio with Saffron of £3m (no external exposure limit)

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
• No minimum income for experienced landlords (minimum of 12 months experience)
• If the borrowers are inexperienced landlords, at least one applicant must meet the minimum income requirement of £25,000

Property Requirements

• Property must be let on an AST
• Rental assessment is based on occupation by one family on an unfurnished let
• Minimum energy performance rating of E on an Energy Performance Certificate (EPC)
• No HMOs or Limited Companies accepted on this range. Please see our dedicated HMO and Limited Company pages for details