For expat buy-to-let mortgages, Saffron has introduced a new 75% LTV band with a discounted rate. Additionally, borrowers no longer need to show a history of having a UK mortgage. Saffron has no country restrictions, including Australia, and will also consider first-time-buyers.
New rates include a 3.69% discount for three years with an arrangement fee of 2.5%
Saffron has also introduced new fixed and discounted rates on its everyday buy-to-let range.
Rates start from 2.49% for two years up to 75% LTV, rising to 2.77% fixed until 28/02/23.
Anita Arch, Head of Mortgage Sales at Saffron, said: “Our expat buy-to-let mortgage has always been incredibly popular and these enhancements make what was already a strong proposition even stronger. Having no country restrictions, dropping the requirement for borrowers to be able to show a UK mortgage history and being able to consider first-time-buyers, will be welcomed developments by expats wanting to invest in UK property.
“Our everyday buy-to-let products also offer a choice of highly competitive fixed and discounted rates and we are willing to accept first-time landlords.”
