View more on these topics

Santander cuts BTL and residential rates


Santander is cutting interest rates on its buy-to-let and residential mortgages by up to 15 basis points, according to a broker note.

On the buy-to-let side, the lender is cutting a 75 per cent two-year fixed mortgage from 2.84 per cent to:

– 2.69 per cent with a £1995 booking fee, purchase and remortgage

– 2.49 per cent with a 1.5 per cent booking fee, purchase and remortgage

Santander has also stopped its two-year fixed rate products with a £995 booking fee.

The lender is also tweaking its residential products by launching a 60 per cent LTV two-year tracker at 1.39 per cent with £995 booking fee, purchase and remortgage.

Santander will cut rates on its 75 per cent and 80 per cent LTV two-year trackers by 15 basis points, and will withdraw its 70 per cent LTV two-year trackers.

The changes take place from tomorrow.

The broker note says: “Full applications on all amended and withdrawn products must be submitted by midnight on Monday 25 January 2016 in order to secure a booking on these products.”

Santander head of intermediary distribution Paul Adams says: “Buy-to-let continues to be a core business priority for us. We want to grow our business and support customers looking to invest in property make that ambition a reality.

“We hope these competitive new, reduced buy-to-let rates combined with our efficient service and quick time to offer will help customers keen to invest in property take that step.”


Precise Mortgages logo

Precise Mortgages up for sale

Precise Mortgages is seeking a new backer to fuel its growth ambitions, Mortgage Strategy understands. The lender appointed Deloitte in the summer to tout out potential buyers, although it is understood the information memorandum will be sent to firms in the coming days. The sale includes all companies under the Charter Court Financial Services umbrella, […]


Self-cert mortgages return as new lender opens

The return of controversial self-certification mortgages has been confirmed with launch of today. The start-up, backed by private equity investors and based in the Czech Republic, launches with a tracker loan set at 2 per cent above base rate, the Sunday Times reports. will lend up to £500,000 at 85 per cent loan-to-value […]

Colin Snowdon

Colin Snowdon becomes Pepper’s MD

Colin Snowdon is set to join Pepper Homeloans as its managing director on 1 February. Last year Sainsbury’s Bank brought in Snowdon to investigate a potential launch into the mortgage market. Snowdon was chief executive of specialist lender and Merril Lynch subsidiary Wave Mortgages before it stopped lending in 2008. He was Aldermore’s chief executive […]


Barclays increases BTL age cap

Barclays increased its age cap for buy-to-let applications as it says it has noticed increased demand from people over 50. The maximum age has increased from 75 to 80 today. A broker note from the lender says: “We have recognised a growing appetite for people over 50 years of age to invest in property and landlords […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


News and expert analysis straight to your inbox

Sign up