HMO Deals By Saffron

Saffron for Intermediaries has launched a range of new deals on houses in multiple occupation (HMOs).

They include a 75% LTV two-year fix at 3.37%.

Saffron has also launched a 65% LTV two-year fix at 3.57%.

The former product is a small HMO buy-to-let deal, and the latter a large HMO BTL product.

Also, the lender has brought to the market a 75% LTV three-year discount product at 3.64%.

In addition – a 65% LTV three-year discount at 3.94%.

The former deal is a small HMO BTL light refurbishment product, and the latter is a large HMO BTL light refurbishment deal.

Saffron has also reduced its rates on its 75% LTV three-year discount product from 5.24% to 3.44%.

This deal is a BTL light refurb product.

Anita Arch, Saffron Building Society head of mortgages sales, says: “The recent changes to BTL regulation have resulted in landlords looking at how they can maximise rental yield – HMOs have become a key area of focus.

“The HMO products we have introduced are designed to not only increase landlord’s income, but in the most efficient way possible creating new opportunities for intermediaries and their customers.”

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