Saffron for Intermediaries has launched a Large HMO buy-to-let product designed to give brokers greater flexibility when placing more complex cases for experienced landlords.

The product is aimed at landlords operating larger HMO portfolios and removes several common restrictions seen elsewhere in the market, including a cap on the number of bedrooms.

Saffron will lend up to £3m at 70% LTV, with student lets accepted and no minimum income requirement. The product is available for both personal name and limited company ownership.

The Large HMO product is designed to support higher-yield property strategies, giving brokers additional scope to support professional landlords seeking to grow or refinance substantial portfolios.

GREATER FLEXIBILTY

Tony Hall, head of business development at Saffron for Intermediaries, 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.

“It builds on the wider enhancements we’ve made across our BTL range and reflects our ongoing commitment to evolving our criteria in line with broker feedback, delivering practical solutions that reflect how landlords are really investing.”

The launch follows a series of recent buy-to-let enhancements from Saffron, including expanded limited company options across its range – including expat BTL – the introduction of a standard HMO category and the removal of a number of barriers for experienced landlords.