Saffron has launched two 5-year fixed rate products – one for UK nationals living abroad and another for landlords looking for a light refurbishment of their property.
The expat buy-to-let rate stands at 4.97% to 65% LTV with a 2.5% arrangement fee, while the light refurb 5-year fix is priced at 4.77% to 75% LTV with a 2% fee.
Both products revert to a standard variable rate of 5.39% after the five years and enable overpayments of 10% per year.
Anita Arch (pictured), head of mortgage sales, said: “Our specialist buy-to-let products not only feature attractive fixed rates, but also accommodating criteria.
“For example, there are no country restrictions on the expat product and the light refurbishment deal enables landlords to purchase or remortgage property and make alterations before the property is let out.
“Additional funds can also be released after a satisfactory re-inspection and confirmation of improved end-value and rental income.”