A few tips…
- 125% minimum rental cover
- 5.00% affordability rate up to 75% LTV
- Eligibility criteria until transitional arrangements:
- New BTL remortgage application must not be capital raising (adding product fees is allowed, adding ERCs is not allowed)
- BTL property must have been purchased before 1 January 2017
- No additional BTL lending has been taken on or after 1 January 2017
Please call your dedicated contact if you want to know more about the above.
Santander for Intermediaries
Aimed at intermediaries and investment professionals only: not for public distribution
