Brightstar will offer 3-year discounted rate products at 75% LTV and 85% available at 4.75% and 5.25% respectively.
The discounted rate is followed by Saffron’s standard variable rate of 5.39% for the remainder of the mortgage term.
Rob Jupp, managing director at Brightstar said the buy-to-let market had a lot to offer brokers this year.
He said: “Buy-to-let is a bright spot in a pretty flat market and thanks to our relationship with the Saffron, we are able to bring to market two products which will give landlords the kind of flexibility we are constantly asked for by our introducers.
“Not only is there a good rate discounted against SVR but there are no early redemption charges which means that clients are not at the mercy of interest rate shifts when they come.”
Jupp added that Brightstar had similar underwriting capabilities to the Saffron which he said should act as a template for intermediary lending throughout the industry.
John Eastgate, sales and marketing director at the Saffron, said: “We are great believers in the value of relationships. Brightstar Financial has proved to be an outstanding partner and we are delighted to be working with them to design products which reflect the needs of the market while maintaining sustainable and sensible lending parameters.”
