Saffron enters partnership with MCI Club to coincide with ex-pat mortgage relaunch

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Saffron for Intermediaries will now be offering access to its entire range of specialist mortgage products to members of the club.

The partnership comes just after Saffron re-entered the expat and everyday buy-to-let markets with the launch of three new products which will be available to club members with immediate effect.

This week the building society unveiled two expat products including a 75% LTV five-year, fixed rate at 4.27% fixed until 31 January 2026.

Alongside this it launched a two-year discount expat buy-to-let mortgage at a discounted rate of 3.99%, 75% LTV with a £1,995 fee.

Saffron also announced it would be offering a domestic buy-to-let deal in the shape of a five-year, 3.67% fixed rate, 75% LTV product.

Alongside the new buy-to-let products, members will also have access to a growing range of specialist products including self and custom build, self-employed, contractor and the joint borrower sole proprietor mortgage for first-time buyers.

Tony Hall, interim head of mortgage sales at Saffron for Intermediaries said: “We are delighted to partner with MCI Mortgage Club and to start to build a strong relationship for their club members.

“It comes at the perfect time as we re-enter the expat buy-to-let market, supporting club members and their clients in taking advantage of the stamp duty holiday and the increasing interest from overseas UK nationals.

“In addition, with the growing interest in self and custom build projects, we are in a position to provide a product for club members that ticks all their client’s boxes.”

Melanie Spencer, head of MCI Mortgage Club said: “Enhancing our proposition into the building society sector is still a key focus for MCI Mortgage Club.

“Building Societies are playing a key role in today’s market by offer unique products and common-sense approach to underwriting.

“We look forward to working with Saffron Building Society as they launch a new set of products within the Expat and BTL market, which will be welcomed by our club members.”