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  • Mortgages & Finance

    New product launch for Ltd Company borrowers



    Property Tribes Financial Services is pleased to announce a new mortgage product for limited company borrowers - this one from Saffron.

     

    New Ltd Company BTL products from Saffron Building Society

    They have now launched a new two-year, and also a new five-year fixed rate product, with improved rates and reduced arrangement fees, for Ltd Company borrowers.

    Key features;

    • 2 Year Fixed Rate Limited Company Buy to Let
    • Rate: 2.97% fixed until 28.02.2022 to 75% LTV
    • ERC: 2% for 2 years

    • 5 Year Fixed Rate Limited Company Buy to Let
    • Rate: 3.47% fixed until 31.01.2025 to 75% LTV- Rental cover 125% of pay rate
    • ERC: 3% for 5 years
    • Loan: Min £30k, £1m Max
    • Arrangement fee: £1%
    • Overpayments: 10% per annum penalty free

    Purpose: For landlords looking to purchase or re-mortgage investment property through a Limited Company.

    The range — which is aimed at landlords looking to purchase or remortgage investment property through a limited company — has a minimum loan value of £30,000 and a maximum of £1m.

    Anita Arch, Saffron’s Head of Mortgage Sales comments: “For those landlords wanting to make the return on their investment more tax efficient through a limited company our lower rate 2 year fixed mortgage, the introduction of a new 5 year fixed product and a 1 % decrease in arrangement fees is worth consideration. Intermediaries have attractive new options to offer their landlord clients.”

    Buy To Let borrowers with questions about the new, Limited Company Buy-to-Let mortgages can speak with one of Property Tribes Financial Services brokers, who will be happy to help:

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    PROPERTY TRIBES FINANCIAL SERVICES

    http://www.propertytribesfinancialservices.com

    http://www.propertytribesfinancialservic...contact-us

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