The deal has a maximum loan to value of 80%, refunded valuation fees and free basic legal work on remortgages. It is fixed until the end of April 2015.
John Eastgate, Saffron’s sales and marketing director, said: “Reducing the fees on this exclusive buy-to-let mortgage will no doubt heighten the attraction of what is already a distinctive product, owing to its 80% maximum LTV.
“Our common-sense attitude to lending allows us to support a wide range of mortgages and we think that our personal underwriting approach differentiates us from the mass market.”
Rob Jupp, managing director at Brightstar, added: “Our broker partners loved the loan to value at 80%, loved the rent calculation but felt the completion fee was too high. Our friends from the Saffron listened to our feedback and have made this really positive change.”
