Brightstar Financial has launched two exclusive buy-to-let products with no early repayment charges in partnership with Saffron Building Society.
The products, which are suitable for purchase and remortgage, have maximum LTV’s of 75% and 80% respectively and priced at 4.75% and 5.25%, based on a three-year discounted rate followed by SVR for the remainder of the mortgage term.
Rob Jupp, managing director at Brightstar Financial, says: “Buy-to-let is a bright spot in a pretty flat market and thanks to our relationship with Saffron Building Society I am delighted we are able to bring to market two products which will give landlords the kind of flexibility we are constantly asked for by our introducers.
“Not only is there a good rate discounted against SVR, but also there are no early redemption charges, which means that clients are not at the mercy of interest rate shifts when they come. On top of that we have the kind of underwriting capability at the Saffron, which should act as a template for intermediary lending throughout the industry.”