The products include a 4.99%, 2-year discount product and a 5.49% fixed-rate until 31/01/2014 with a 2.5% fee.
Both products offer a refund valuation and free legals for mortgages.
Andy Young, chief executive officer at TBMC, said: “We are delighted to launch two highly competitive buy-to-let exclusives, from a limited tranche of funds, with Saffron. 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 Saffron, added: “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 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. TBMC’s knowledge and expertise in the buy-to-let mortgage market will help us to manage product distribution and achieve our lending targets in the buy-to-let sector.”
