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Saffron releases new limited company BTL mortgage

Saffron Building Society has announced the launch of a new limited company buy-to-let mortgage product.

The offering is a 75 per cent LTV two-year fix at 3.17 per cent.

In addition, the product has a maximum loan value of £1m, an early repayment charge of 2 per cent, and overpayments of 10 per cent per annum.

According to the building society, the new mortgage product is aimed at portfolio landlords.

Saffron Building Society head of mortgage sales Anita Arch comments: “With interest rates predicted to remain flat for the next 20 years many investors continue to see BTL as a solid method to receive a good return on investment.

“This said, landlords could be negatively impacted by the current changes in tax law and receive a reduced income as a consequence.

“Our new limited company BTL mortgage creates a new option for intermediaries to consider and introduce to their customers to address this.”

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