Santander to cut B2L rates by up to 30bps

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Santander is set to cut selected buy-to-let two-year fixed rates by up to 0.3 per cent.

The lender is one of many to cut buy-to-let rates in recent weeks, with experts suggesting there has been a scramble for business since 1 April, when activity slumped after the increased buy-to-let stamp duty rates took effect.

From tomorrow, Santander’s range of two-year fixes will include:

  • 60 per cent LTV at 1.99 per cent with £1,995 booking fee, purchase and remortgage
  • 60 per cent LTV at 1.89 per cent with 1.5 per cent booking fee, purchase and remortgage
  • 75 per cent LTV at 2.49 per cent with 1.5 per cent booking fee, purchase and remortgage
  • 75 per cent LTV at 2.49 per cent with £1,995 booking fee, purchase and remortgage