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 Buy to Let 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.
On Tuesday 19 April we’ve reduced the rates* on selected 2 year fixed, 60% & 75% LTV Buy to Let products. Our new competitive rates are:
- 60% LTV 2 year fixed, 1.99%, £1995 booking fee
- 60% LTV 2 year fixed, 1.89% with 1.5% booking fee
- 75% LTV, 2 year fixed, 2.49%, £1,995 booking fee
- 75% LTV, 2 year fixed, 2.29%, 1.5% booking fee
Please give your dedicated contact a call now to discuss any clients you’re looking to find a great mortgage deal for just now.
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.
