Great news, from Wednesday 31 August 2016 we’re launching new competitive Buy to Let 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

Our strong product range, these Buy to Let special products, and very quick service are just a number of reasons to think about using Santander when placing your next Buy to Let mortgage.

These products have the added benefit** of our:

  • Homebuyer Free Valuation where clients will benefit from a free standard valuation for mortgage purposes up to a property value of £2.5 million.
  • Remortgage Cashback where clients will benefit from a free standard valuation for mortgage purposes on properties up to £2.5million plus £250 cashback on completion as a contribution towards legal costs. Early repayment charges apply.

Important

When sourcing our Buy to Let remortgage products please don’t select the ‘free legals’ option on the sourcing system as our products will not appear.  We offer a cash back instead of free legals.

And don’t forget, our Buy to Let offering is exclusive to intermediaries.

Key Buy to Let highlights

  • BTL remortgage with capital raising (including debt consolidation) for personal use up to 75% LTV
  • Minimum 125% rental coverage
  • 5% affordability rate for clients borrowing up to and including 60% LTV and then 5.50% up to 75% LTV
  • 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’re also reducing rates on a number of our other residential products, for full details of all of our latest mortgage rates please visit our website.

Please call your dedicated contact to discuss any BTL clients you’re looking to help this week.

Santander for Intermediaries

 

* Please refer to santanderforintermediaries.co.uk for full details of all products available

** Please refer to santanderforintermediaries.co.uk for full Terms & Conditions of our Homebuyer Free Valuation or Remortgage Cashback – Buy to Let only benefit packages

Aimed at intermediaries and investment professionals only: not for public distribution