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Santander launches B2L range starting at 2.29 per cent

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Santander has launched a range of buy-to-let products starting at 2.29 per cent.

The lowest rate, mentioned above, is a two-year fixed rate available to 60 per cent LTV and has a £1,995 booking fee.

A five-year fixed rate, also available to 60 per cent LTV, is priced at 3.29 per cent and has a £1,995 booking fee.

The lender has launched two 75 per cent LTV products. Both are priced at 2.84 per cent but the two-year fixed rate has a fee of £1,995 and the two-year tracker has a £995 booking fee.

It has also launched three products available on loans up to £3m and 60 per cent LTV.

A two-year fix is priced at 1.79 per cent while a five-year fix is priced at 2.84 per cent, both with £1,995 booking fees. A two-year tracker is priced at 1.84 per cent, also with a £1,995 booking fee.

Santander managing director of mortgages Miguel Sard says: “Throughout 2015, we have worked hard to support all areas of the market. We hope these new rates on residential large loans will help support the second steppers, keen to move up the housing ladder and the competitive buy-to-let rates launched today will enable people looking to invest in property make it a reality.”

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