View more on these topics

Santander raises LTV cap for flats


Santander is raising its LTV cap on residential non new-build flats from 85 to 95 per cent for loans up to £350,000.

The maximum LTV will stay at 85 per cent for loans of more than £350,000.

The changes take place on 16 March.

The maximum 80 per cent LTV for new build flats will not change.



Santander tweaks interest-only equity buffer

Santander is changing its interest-only equity buffer to reflect equity at the end of the mortgage term. The lender sent a note to brokers saying it is altering its £150,000 minimum equity requirement where a mortgage includes an interest-only sale of the mortgaged property loan part. The £150,000 buffer is currently based on the equity […]


Santander to introduce two-tiered B2L affordability tests

Santander is introducing a new two-tier buy-to-let affordability calculation as the Government’s tax shake up is expected to increase costs for landlords. From 21 February, the affordability rate for loans up to and including 60 per cent LTV will remain at 5 per cent. For loans over 60 per cent LTV, the existing 5 per […]


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 […]


Santander to launch 3 FTB deals starting from 2.59%

Santander will launch three exclusive fixed-rate mortgages for first-time buyers. The bank today sent a note to brokers saying that from tomorrow it will launch the following products: 85 per cent LTV five-year fixed rate of 3.14 per cent 90 per cent LTV two-year fixed rate of 2.59 per cent 90 per cent LTV five-year […]


News and expert analysis straight to your inbox

Sign up