Halkalı Halı Yıkama Beylikdüzü Halı Yıkama Bahçeşehir Halı Yıkama seocu
Mortgage

Saffron introduces Limited Company Buy-to-Let mortgage

Saffron Building Society has launched a Limited Company Buy-to-Let mortgage aimed at landlords with multiple properties.

Recent tax changes mean that some private landlords will be better suited to running their investment properties through a limited company. As a result the need for a mortgage to accommodate this situation is set to increase and has inspired Saffron to meet this demand.

The product is for purchase or remortgage up to 75% LTV, can be taken as capital repayment or interest-only and is fixed at 3.17% for two years until 31.10.2021.

Minimum loan is £30,000 up to a maximum of £1 million and the product has a 2% arrangement fee. Overpayments of 10% can be made each year penalty free but there is an early repayment charge of 2% over the two years.

Anita Arch, Saffron’s head of mortgage sales, commented: “With interest rates predicted to remain flat for the next 20 year (according to the Bank of England), many investors continue to see buy-to-let as a solid method to receive a good return on investment.

This said, landlords could be negatively impacted by the current changes in tax law and receive a reduced income as a consequence. Our new Limited Company Buy-to-Let mortgage creates a new option for intermediaries to consider and introduce to their customers to address this.”

Source: By Joanne Atkin

READ MORE:  Irish Banks Pay Out Close to $770 Million in Mortgage Scandal
Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

mersin escort bayan mersin escort bayan mersin escort bayan mersin escort bayan erotik film izle erotik film malatya escort bayan malatya escort bayan malatya escort bayan malatya escort bayan
Share via
Copy link
%d bloggers like this:
Kıbrıs gece kulüpleri