Saffron for Intermediaries has launched a set of specialist lending updates, including bridging finance to create an end-to-end property development finance proposition, as well as enhancements across its buy-to-bet (BTL) ranges.
The lender’s updates mean that expat BTL now offers lending up to 80% loan-to-value (LTV), making higher-leverage borrowing more accessible for overseas clients, and is available to first-time buyers and first-time landlords where at least one applicant meets minimum income requirements.
The range also now includes expat limited company BTL, while the wider limited company BTL proposition has been enhanced to accept newly registered companies, with no personal guarantees required up to 55% LTV.
Across the broader BTL range, Saffron will accept first-time buyers and first-time landlords (product dependent), offer loan sizes up to £3 million and continue to provide interest-only or repayment options with no external exposure limit.
As part of the wider BTL enhancements, Saffron has also introduced a new HMO product, available to both individual landlords and limited companies.
Meanwhile, Saffron will now offer a full end-to-end property development finance solution, supporting brokers and their clients from the earliest stages of a project through to completion and sale.
The new pre-development bridge category 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.
Saffron has also strengthened 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, it has launched a dedicated exit bridge, offering lending up to 75% LTV for up to 18 months.
When combined with the pre-development bridge and development finance categories, this creates a connected funding pathway for developers, enabling brokers to keep the entire journey under one lender with consistent criteria.
Finally, Saffron has introduced targeted improvements across its residential criteria to support more complex properties and living arrangements.
This means annexes with separate utilities now accepted and properties featuring up to two kitchens will now eb accepted.
Saffron for Intermediaries head of business development Tony Hall says: “This is one of the most significant specialist lending developments we have delivered, and reflects the changing needs of the market.”
“Our new end-to-end property development proposition gives brokers a fully connected pathway from site acquisition through to project completion, with a bridge at the start, development finance in the middle, and an exit bridge at the end.”
“This creates a seamless journey that removes friction and ensures clients have support at every stage of their development project.”
“At the same time, 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.”
