This website is for use by intermediaries only

Contact Us

Lines are open Monday to Friday 9AM - 5PM, except Wednesday 9:30AM - 5PM

If you want to talk to us, please use one of the numbers below:

For new business enquires:

Gemma Reynolds: 01799 582925

L&G, L&G Mortgage Club and all affiliated firms, PMS, Sesame, TMA Mortgage Club

email: gemma.reynolds@saffronbs.co.uk

Holly Andrews: 01799 582885

3MC, 3MC Club, Brightstar, Brightstar Club, Complete FS, Impact Specialist Finance, Mortgage Intelligence, Next Intelligence, Platinum Options, Positive Lending (UK) Ltd, Positive Lending Club, Quilter, SimplyBiz, TBMC, Tenet, Vantage Finance

email: holly.andrews@saffronbs.co.uk

For cases in progress call:

Mortgage Team: 01799 582966

email: mortgage.processing@saffronbs.co.uk

For technical support call:

01799 582966 option 2
Head Office

Saffron House, 1A Market Street,
Saffron Walden,
Essex CB10 1HX.
Telephone: 01799 522211

Intermediary Mortgage Portal

The Mortgage Portal enables you to select a Saffron mortgage product, request a DIP, submit a full mortgage application and monitor all your clients' cases.

Login to the Intermediary Mortgage Portal:

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Register for the Intermediary Mortgage Portal:

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Frequently Asked Questions

For any queries take a look at our FAQs or our Quick Start Guide.

If you still require further help you can contact us on 01799 582966 and select option 2.

Buy to Let Mortgages

We have two ranges of buy-to-let mortgages:

Special Situations – for landlords who want to buy and refurbish a property before letting it out, and for British nationals currently living outside the UK who want to purchase or remortgage a rental property.

Everyday – for landlords who want to purchase or remortgage a property.

Whatever your clients’ needs and whatever buy-to-let mortgage they choose, 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 for which we were delighted to win the Moneyfacts ‘Best Service from a Mortgage Provider’ award in 2014
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan.

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 because your client requires features from several of our products, then we may be able to tailor a mortgage to suit their precise needs.

Special Situations mortgages Catering for borrowers with distinct needs be they landlords wanting to renovate or expats wanting to buy property back in the UK

Buy-to-let Light Refurbishment

For existing landlords that wish to purchase or re-mortgage a property that requires a level of light refurbishment before renting the property. There is no limit on the level of borrowing with other lenders

View Case Study

The interest rate charged will not fall below 3.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.44% (SVR -2.20%) 3 Years SVR 2.50% 75% maximum of the end value
Purpose Portable ERC APR Procuration Fee SBS Code
Purchase & Remortgage No 3.00% for the first year 5.5% 0.35% DR0696

Product Criteria

  • If the amount of lending required is the maximum percentage of end value, state this clearly on application form
  • Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan
  • Evidence of savings to support 3 months mortgage payments whilst refurbishment works undertaken
  • Work must be completed within 3 months of completion and prior to letting out
  • Additional funds released after a satisfactory re-inspection and confirmation of improved end value and rental income
  • Product only available to homeowners
  • Property must be let on an AST
  • Minimum income £25,000
  • Rental assessment is based on occupation by 1 family on an unfurnished let
  • Limited Companies accepted
  • No adverse accepted
  • LTV not to exceed figure stated at any stage
  • For porfolio landlords the maximum LTV INCLUDING fees is 75%
  • Interest only or repayment
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s
  • Regulated buy to let accepted – 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.)
Submit a DIP

Not registered? Register Now

Expat Buy-to-let

For UK nationals resident abroad who wish to purchase or re-mortgage a property. There is no limit on the level of borrowing with other lenders.

Fixed rate

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.77% Fixed Fixed to30.11.2024 SVR 2.50% 55%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3.00% for 5 years* 5.3% 0.35% DR0694
Initial Rate Product Term Revert Rate Arrangement Fee LTV
4.17% Fixed Fixed to30.11.2024 SVR 2.50% 75%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3.00% for 5 years* 5.5% 0.35% DR0695

* Overpayments of up to 10% per annum are allowed without penalty.
* Minimum term: to equal or exceed that of the fixed rate period.

Variable rate

The interest rate charged will not fall below 3.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.64% (SVR -2.00%) 3 years SVR 2.50% 55%
Purpose Portable ERC APR Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for 3 years* 5.5% 0.35% DR0642

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.94% (SVR -1.70%) 3 years SVR 2.50% 75%
Purpose Portable ERC APR Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for 3 years* 5.6% 0.35% DR0507

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • 5 Year Fixed Rates: Rental Cover 140% of pay rate
  • Variable Rates: Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan
  • Property must be let on an AST
  • Minimum income £25,000
  • Rental assessment is based on occupation by 1 family on an unfurnished let
  • No HMOs or Limited Companies
  • The applicant must have no adverse credit history in the past 3 years
  • Must hold a UK bank account and mortgage direct debits must be paid from this account
  • For porfolio landlords the maximum LTV INCLUDING fees is 75%
  • Interest only or repayment
  • We will condition the offer for nomination of a UK solicitor with a minimum of 2 partners who will act for the applicant, on whom the Society can serve notice in the event of default
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s
  • Regulated buy to let accepted from non-EEA countries – 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.)
Submit a DIP

Not registered? Register Now

Houses in Multiple Occupation (HMO)

Small HMO

For experienced BTL investors looking to purchase their first HMO property, add to their existing HMO properties or remortgage an existing HMO mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.37% Fixed Fixed to30.11.2021 SVR 2.0% 75%(inclusive of fees)
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No 3.00% for 2 years* 5.5% 0.35% DR0684

Large HMO

For experienced HMO investors looking to purchase a new HMO property or remortgage an existing HMO mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.67% Fixed Fixed to30.11.2021 SVR 2.0% 65%(inclusive of fees)
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No 3.00% for 2 years* 5.6% 0.35% DR0685

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 10% per annum are allowed without penalty.

Product Criteria

  • No adverse accepted
  • Regulated buy to let not accepted
  • Consumer buy to let not accepted
  • Limited Company accepted
  • Interest-only or repayment
  • Minimum energy performance rating of E on an Energy Performance Certificate (EPC)
  • Remortgage: HMO Licence (if applicable) to be in place at time of application
  • Purchase: HMO Licence to be in place or evidence the application has been submitted
  • Maximum time remaining on HMO licence: 6 months (if applicable for small HMO)
  • Each tenant to have their own AST in place
  • Minimum income £25,000

Small HMO

  • Maximum number of tenants: 4
  • Experience: Existing BTL property
  • First HMO mortgage: accepted
  • License required and evidenced: License required and evidenced
  • Evidence of licence renewal: Reserve the right to seek evidence of no licence required at a maximum of every 3 years, and as often as annually
  • Portfolio landlords 75% max inclusive of fees
  • Minimum loan size £60,000
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s

ICR

  • Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 140% of pay rate. Fees may be added to the loan

Large HMO

  • Maximum number of tenants: 6
  • Experience: Existing large HMO
  • First HMO mortgage: not accepted
  • License required and evidenced: Yes
  • Evidence of licence renewal: At time of renewal, licenses can be granted for a maximum of 5 years
  • Portfolio landlords 65% max inclusive of fees
  • Minimum loan size £80,000
  • Maximum loan size £600,000. Loans over this are priced on a bespoke basis and have restricted LTV’s

ICR

  • Rental cover 160% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 160% of pay rate. Fees may be added to the loan

A large HMO is defined as where mandatory licensing is required, this is for all HMOs occupied by five or more persons forming more than one household.

HMO Supplementary Information

Submit a DIP

Not registered? Register Now

Houses in Multiple Occupation (HMO) Light Refurbishment

Small HMO Light Refurbishment

For experienced BTL investors looking to purchase their first HMO property, add to their existing HMO properties or remortgage an existing HMO mortgage, which requires a level of light refurbishment prior to renting the property. This may be cosmetic work, work to meet HMO regulation or light internal structural work for additional bedrooms.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.64% (SVR -2.00%) 3 years SVR 2.5% 75%(inclusive of fees)
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No 3.00% for 3 years* 5.6% 0.35% DR0686

Large HMO Light Refurbishment

For experienced HMO investors looking to purchase a new HMO property or remortgage an existing HMO mortgage, that requires a level of light refurbishment prior to renting the property. This may be cosmetic work, work to meet HMO regulation or light internal structural work for additional bedrooms.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.94% (SVR -1.70%) 3 years SVR 2.5% 65%(inclusive of fees)
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No 3.00% for 3 years* 5.6% 0.35% DR0687

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 10% per annum are allowed without penalty.

Product Criteria

  • If the amount of lending required is the maximum percentage of end value, state this clearly on application form
  • Evidence of savings to support 3 months mortgage payments whilst refurbishment works undertaken
  • Work must be completed within 3 months of completion and prior to letting out
  • Additional funds released after a satisfactory re-inspection and confirmation of improved end value and rental income
  • Valuer to confirm the work required to bring the property up to HMO standard
  • Product only available to homeowners
  • No adverse accepted
  • Regulated buy to let not accepted
  • Consumer buy to let not accepted
  • Limited Company accepted
  • Interest-only or repayment
  • Minimum energy performance rating of E on an Energy Performance Certificate (EPC)
  • Remortgage: HMO Licence (if applicable) to be in place at time of application
  • Purchase: HMO Licence to be in place or evidence the application has been submitted
  • Maximum time remaining on HMO licence: 6 months (if applicable for small HMO)
  • Each tenant to have their own AST in place
  • Minimum income £25,000

Small HMO

  • Maximum number of tenants: 4
  • Experience: Existing BTL property
  • First HMO mortgage: accepted
  • License required and evidenced: Yes – if applicable
  • Evidence of licence renewal: Reserve the right to seek evidence of no licence required at a maximum of every 3 years, and as often as annually
  • Portfolio landlords 75% max inclusive of fees
  • Minimum loan size £60,000
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s

ICR

  • Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 140% of pay rate. Fees may be added to the loan

Large HMO

  • Maximum number of tenants: 6
  • Experience: Existing large HMO
  • First HMO mortgage: not accepted
  • License required and evidenced: Yes
  • Evidence of licence renewal: At time of renewal, licenses can be granted for a maximum of 5 years
  • Portfolio landlords 65% max inclusive of fees
  • Minimum loan size £80,000
  • Maximum loan size £600,000. Loans over this are priced on a bespoke basis and have restricted LTV’s

ICR

  • Rental cover 160% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 160% of pay rate. Fees may be added to the loan

A large HMO is defined as where mandatory licensing is required, this is for all HMOs occupied by five or more persons forming more than one household.

HMO Supplementary Information

Submit a DIP

Not registered? Register Now

Everyday Mortgages Straightforward mortgages with competitive rates

Buy-to-let

For first time landlords and existing landlords to purchase or re-mortgage a property. There is no limit on the level of borrowing with other lenders.

View Case Study

Fixed rate

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.27% Fixed Fixed to31.10.2024 SVR 2.00% 75%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3.00% for 5 years* 5.0% 0.35% DR0674

* Overpayments of up to 10% per annum are allowed without penalty

Variable rate

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.74% (SVR -2.90%) 2 year SVR 2.00% 75%
Purpose Portable ERC APR Procuration Fee SBS Code
Purchase & Remortgage Yes 2% for 2 years* 5.5% 0.35% DR0501

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • 5 Year Fixed Rates: Rental Cover 140% of pay rate
  • Variable Rates: Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan
  • Property must be let on an AST
  • Minimum income £25,000
  • Rental assessment is based on occupation by 1 family on an unfurnished let
  • No HMOs or Limited Companies
  • No adverse accepted
  • Interest only or repayment
  • For porfolio landlords the maximum LTV INCLUDING fees is 75%
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s
  • Regulated buy to let accepted – 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.)
Submit a DIP

Not registered? Register Now

Limited Company Buy-to-Let

For landlords operating via a limited company to purchase or re-mortgage a property. There is no limit on the level of borrowing with other lenders.

Please read our Guidance Notes for this mortgage.

Fixed rate

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.97% Fixed Fixed to28.02.2022 SVR 1.00% 75%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 2.00% for 2 years 5.4% 0.35% DR0706
Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.47% Fixed Fixed to31.01.2025 SVR 1.00% 75%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3.00% for 5 years 5.0% 0.35% DR0707

Product Criteria

  • Rental cover 125% of pay rate + 2% or 5.5%, whichever is higher
  • 5 year fixed rates: Rental Cover 125% of pay rate
  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan
  • No adverse accepted
  • Property must be let on an AST
  • Minimum income £25,000
  • Rental assessment is based on occupation by 1 family on an unfurnished let
  • Interest only or repayment
  • For porfolio landlords the maximum LTV INCLUDING fees is 75%
  • Maximum loan size £1,000,000. Loans over this are priced on a bespoke basis and have restricted LTV’s
  • Regulated or Consumer buy to let not accepted
  • HMO not accepted
  • Minimum energy performance rating of E on an Energy Performance Certificate (EPC)
  • Limited Companies registered in the UK only
  • No time limit as to how long registered i.e. new SPV’s allowed
  • Company must be set up with the principal activity of buying and holding residential investment property and used for that purpose only – no other trading purposes permitted
  • Certificate of Incorporation to be provided
  • Latest set of accounts to be provided (where the company has been set up for more than 18 months)
  • All Shareholders in the Company must be named as Directors
  • Personal Guarantees for total borrowing (plus accrued interest & costs) taken from all Directors
  • Any proposed changes to Directors during life of mortgage must be subject to our approval
  • Maximum of 4 Directors – individual credit checks will be undertaken
  • Details of all properties each Director has an ownership in (either in own name or a business name) must be provided
Submit a DIP

Not registered? Register Now

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Best Service from a Mortgage Provider - Moneyfacts Awards 2014