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Saffron BS launches 80% LTV buy-to-let exclusives

by: Mortgage Solutions
  • 26/07/2011
  • 0
Saffron BS launches 80% LTV buy-to-let exclusives
Saffron Building Society has launched two buy-to-let exclusives through TBMC up to 80% LTV.

The deals, from a limited tranche of funds, include a two-year discount at 4.99%, with a £2,995 fee and a fixed rate until 31 January 2014 at 5.49%, with a 2.5% fee.

Both products offer a refund of valuation and free legals for remortgages.

Andy Young, chief executive officer at TBMC, said: “The 4.99% 2 year discount is a market-leader in the 80% LTV banding and these new products should prove popular with intermediaries and their landlord clients. As a buy-to-let specialist, TBMC is looking forward to working with Saffron in developing their buy-to-let mortgage proposition.”

John Eastgate, sales and marketing director at the Saffron, said: “The buy-to-let market has really developed this year and there continues to be high demand from property investors for buy-to-let mortgages.

“Saffron Building Society aims to provide competitive buy-to-let rates to meet the needs of today’s landlord. We have teamed up with TBMC to distribute these excellent new products in order to control volumes and deliver the right quality of new business.”

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