Saffron launches new buy to let fixed rate deals.
Saffron for Intermediaries has announced the launch of 2 new five year fixed rate buy to let mortgages.
The lender advises that it has taken the decision to broaden its range to increase property investors mortgage options.
Its new deals are available at a loan to value level of 80%, rates start from 4.87% and fees from £995.
The lender believes that having the option to fix rates for 5 years gives landlords the ability to better budget and predict their cash flow.
A standard buy to let fix is offered at 4.87%, and a rate of 5.07% is available for what it calls a 'buy to let light refurbishment mortgage'. Fees are £995 for property up to £500,000 and £1,995 for property up to £1 million.
This is Saffron's second attempt in as many months to improve the appeal of its property investment range. Back in February it removed its £25,000 minimum income requirement which has been of great help to landlords looking for a mortgage.
Saffron are just one of many lenders who are improving their mortgages aimed at investors. If you would like to review all products on offer market-wide to find the best mortgage for your deposit level, speak to an independent 'whole of market' broker.
For impartial advice and a low rate quote call Deal Direct on 0800 048 8828.
Our highly skilled advisers have extensive experience finding the most competitive mortgages to make property owning more affordable.
Call us today on 0800 048 8828.
