Skip to main content

Everyday Buy-to-Let

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

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 £3m (no external exposure limit)
  • Interest only or repayment
  • Maximum loan size £3,000,000
  • Loans over this are priced on a bespoke basis and have restricted LTVs
  • 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 – 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.)

Our Buy-to-Let products

Everyday Buy-to-Let Two Year Discount Mortgage

Initial rate

6.09% (variable)

Then reverting to our SVR

8.79%

Product period

Two years

Arrangement fee

£1,999

LTV rate

75.00%

APRC

8.90% APRC

Everyday Buy-to-Let Five Year Fixed Mortgage

Initial rate

5.27% (fixed)

Then reverting to our SVR

8.79%

Product period

Five years

Arrangement fee

£1,999

LTV rate

75.00%

APRC

7.70% APRC

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