Saffron unveils large HMO buy-to-let loan up to

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Saffron for Intermediaries has launched a large HMO buy-to-let mortgage following broker feedback.

The new product has features including a maximum loan size of £3 million, up to 70% LTV and no cap on the maximum number of bedrooms.

Saffron will also accept student lets, and the mortgage is available in personal name or limited company ownership with no minimum income requirement.

The launch builds on Saffron’s wider buy-to-let enhancements last month, which expanded limited company ownership across the range, including expat buy-to-let, as well as bringing in a new standard HMO category.

Saffron for Intermediaries head of business development Tony Hall (pictured) said: “We’re pleased to introduce greater flexibility for brokers supporting clients with more ambitious HMO strategies.

“With no maximum number of bedrooms and loans up to £3 million, this new large HMO product gives brokers the headroom to place larger, more complex cases with confidence.”