Saffron Building Society has started lending up to 80% loan-to-value across its expat buy-to-let range.
The society caters for first-time landlords where at least one applicant meets minimum income requirements.
The expat range also includes limited company buy-to-let, while the lender accepts newly registered companies, with no personal guarantees required up to 55% LTV.
Tony Hall, head of business development at Saffron for Intermediaries, said: “We have strengthened our buy-to-let offering to provide greater flexibility for expat clients, limited companies and experienced landlords.
“These changes allow brokers to service a wider range of complex and investment-based enquiries.”
Saffron has also launched an end-to-end property development finance solution, supporting brokers and clients from the earliest stages of a project through to completion and sale.
The ‘pre-development bridge’ allows developers to secure land, which can be accepted without planning, with lending available up to 65% LTV with planning approval and up to 50% LTV pre-approval, for terms of up to 18 months.
This leads feeds in to Saffron’s development finance product, which offers up to 90% loan-to-cost (LTC) and up to 70% GDV, with both land purchase and construction costs accepted within the facility.
In addition, the lender has introduced an HMO product, available to both individual landlords and limited companies.
Finally Saffron has launched an exit bridging product, offering lending up to 75% LTV for up to 18 months.
This allows developers to refinance completed or near-completed schemes while awaiting sale, smoothing cashflow and giving additional flexibility at the back end of a project.