Great news, we’ll consider Buy to Let remortgaging with capital raising for personal use up to 75% LTV; including:
- Property/home improvements
- Personal use/debt consolidation
- Investment including the purchase of another BTL or residential property.
To clarify our BTL remortgage policy:
- The property must have been owned for at least 6 months.
- We don’t accept applications where the customer is remortgaging their existing residential property as a BTL, regardless of any future intentions (Let to Buy).
- Capital raising for business purposes is not accepted.
Our BTL calculator quickly lets you know how much your clients can borrow – helping you to check that your client’s BTL mortgage meets both our minimum rental coverage and that the property is self-financing
We recently launched new competitive BTL special products* which will only be available for a limited time.
- 60% LTV, 2 year fixed Buy to Let, 1.94%, 1% product fee – purchase and remortgage
- 75% LTV, 2 year fixed Buy to Let, 2.29%, 1% product fee – purchase and remortgage
Please call your dedicated contact to discuss any BTL clients you’re looking to help this week.
Kindest regards
Santander for Intermediaries
*For full details of all of our latest mortgage rates please visit our website.
Aimed at intermediaries and investment professionals only: Not for public distribution
