Saffron re-enters the expat buy-to-let market.

23 September 2020 | General

Saffron Building Society today re-entered the expat buy-to-let market.

The lender is offering a 5-year fix at 4.27%, as well as a 2-year discount at 3.99% with a £1,995 fee, both to 75% LTV.

Saffron withdrew from buy-to-let in March 2016.

Tony Hall, interim head of mortgage sales, said: “We are so pleased to re-enter the buy-to-let market again after a brief break.

“It has been a big priority for us to get these products back to market so that borrowers can take advantage of the stamp duty holiday – which is due to terminate at the end of March.

“The BDM team at Saffron are pleased to start accepting new applications from 23rd September.”

At the same time Saffron has launched a domestic buy-to-let product, a 5-year 3.67% fixed rate 75% LTV product.

This post has originally been featured in Property Wire.