Buy to let mortgage range launched by Saffron.
The launch of two new and exclusive buy to let mortgage products has recently been announced Brightstar Financial.
The new products have been released in partnership with the Saffron Building Society, who advise that their new buy to let mortgage deals come with no early repayment charge.
The lender advises that the new range of buy to let deals are suitable for both new house purchase and remortgage. The new deals are offered for a maximum 75 and 80 per cent loan to value and are available at a rate of 4.75 per cent and 5.25 per cent respectively.
The new products are 3 year discount deals which revert to lender's SVR at the end of the term. The announcement of no early repayment charge means mortgage-holders are free to remortgage after the initial discount period without incurring early redemption costs.
A spokesperson commented on the new range saying that buy to let remains a bright spot in a flat UK market. Saffron are therefore pleased to introduce to the market two new buy to let mortgage products to give landlords flexibility. They added that a good discounted rate with no early redemption charge offers mortgage-holders the chance to switch deals if interest rates shift when their fixed discount period ends.
If you are a landlord looking to extend your property portfolio, or a would-be first time investor looking for a competitive buy to let mortgage, then call Deal Direct today for an up to date product comparison.
