Saffron slashes fee on B2L deal by 1%
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Saffron Building Society has slashed the fee on its buy-to-let two-year fixed rate exclusive with Brightstar Financial from 3% to 2%.
This mortgage has a maximum LTV of 80% and the added incentives of refunded valuation fees and free basic legal work on remortgages.
Rob Jupp, managing director at Brightstar, says: “Feedback from our broker partners loved the loan to value at 80%, loved the rental calculation, but felt the completion fee was too high.
“Our friends from The Saffron listened to our feedback and have made this really positive change. ”
John Eastgate, sales and marketing director at Saffron, says: “Our common-sense attitude to lending allows us to support a wide range of mortgages and we think that our personal underwriting approach differentiates us from the mass market.”
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