View more on these topics

Santander launches buy-to-let remortgage range


Santander is launching a range of buy-to-let remortgages from 26 April 2017 with rates starting from 2.29 per cent.

The 2.29 per cent rate is available on a two-year fixed loan at 60 per cent LTV. The mortgage has no product fee, free standard valuation and £250 cashback on completion.

The buy-to-let remortgage range includes a 2.45 rate on a five-year fix at 60 per cent LTV.

The loan has a £1999 product fee, free standard valuation and £250 cashback on completion.

The lender’s new range also incorporates a 2.59 per cent rate on a two-year fix at 75 per cent. This loan has no product fee, free standard valuation and £250 cashback on completion.

Finally, the remortgage range includes a 3.04 per cent rate on a five-year fixed rate loan at 75 per cent with £1999 product fee, free standard valuation and £250 cashback on completion.

Alongside this, the bank will be introducing three new fixed rates for first time buyers.

These are:

* Two-year fixed at 1.59 per cent and 60 per cent LTV, no product fee and £250 cashback on completion

* Five-year fixed at 2.29 per cent and 75 per cent LTV with no product fee and £250 cashback on completion

* Five-year fixed mortgage at 2.59 per cent and 85 per cent with zero product fee and £250 cashback on completion

The lender has also brought in a new five-year fixed rate residential mortgage at 2.49 per cent and 80 per cent LTV. The loan has no product fee and is available on purchase and remortgage with £250 cashback on completion.

Finally, Santander has made a  number of cuts to its residential rates. These have been cut 0.4 per cent on some lines, with rates starting at 1.19 per cent for a 60 per cent LTV, two-year fixed loan with £999 product fee for purchase and remortgage.

Santander UK managing director of mortgages Miguel Sard says: “Following our announcement a couple of weeks ago about our new affordability approach for buy-to-let customers, we are very pleased to now introduce some market leading remortgage rates to further support this important sector of the market.”


Buy-to-Let Watch: Help landlords to get real

Failing to get to grips with the new BTL landscape because they still deem it unfair will harm landlords in the long run If you want to be a success in any walk of life, you need to be able to take responsibility. You must be able to recognise where you can take control or […]


Buy-to-let lenders swing back towards variable fees

Buy-to-let lenders increasingly favour percentage-based arrangement fees over flat fees, according to Mortgages for Business. The broker’s latest Buy to Let Mortgage Costs Index shows that 44 per cent of buy-to-let loans in Q1 2017 had variable fees, overtaking flat fees (at 41 per cent) for the first time in four years. Mortgages for Business […]


Santander helps buy-to-let mortgage prisoners

Santander has headed off any risk of creating buy-to-let mortgage prisoners by announcing that it will assess landlord remortgages at low affordability rates. The lender says that from 19 April a minimum of 125 per cent rental cover at a 5 per cent affordability rate will be used. Santander says: “This aims to prevent borrowers, […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now