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Everyday Buy-to-Let

Our Buy-to-Let product is perfect for first time landlords and existing landlords to purchase or re-mortgage a property. 

Whatever your clients’ needs, they will also be guaranteed:

  • a decision made by a skilled and knowledgeable underwriter, rather than an automated credit scoring system
  • a fast and reliable service
  • If your client is creditworthy but has been struggling to find a mortgage to suit their specific needs, we may be able to help.

And if one of our existing mortgages doesn’t quite fit, then we may be able to tailor a mortgage to suit their precise needs.

Product Criteria

  • 5 Year Fixed Rates: Rental Cover 140% of pay rate
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate
  • Fees can be added to the loan for debt for debt remortgages
  • Property must be let on an AST
  • Rental assessment is based on occupation by 1 family on an unfurnished let
  • No HMOs or Limited Companies
  • Minimum income £25,000
  • Maximum Portfolio with Saffron of £1.5m (no external exposure limit)
  • Interest only or repayment
  • Maximum loan size £1,000,000

Loans over this are priced on a bespoke basis and have restricted LTV’s

  • Minimum term for this product must equal or exceed that of the fixed rate period
  • For portfolio landlords the maximum LTV INCLUDING fees is 75%
  • Regulated buy to let accepted - Atsome 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.)

* Overpayments of up to 10% per annum 

 

Our Buy-to-Let products

Everyday Buy-to-Let Five Year Fixed Mortgage

Initial rate

3.97% (fixed)

Then reverting to our SVR

5.39%

Product period

31.01.2027

Arrangement fee

1.50%

LTV rate

75.00%

APRC

5.00% APRC

Your home may be repossessed if you do not keep up payments on your mortgage