Message from Santander
Great news, on Wednesday 28 October 2015 new 60% and 75% LTV Buy to Let products will be available from Santander for Intermediaries.*
New Buy to Let product details are as follows:
Purchase and Remortgage products
- o 2.29%, 2 year fixed, 60% LTV, £1,995 booking fee
- o 3.29%, 5 year fixed, 60% LTV, £1,995 booking fee
- o 2.84%, 2 year fixed, 75% LTV, £1,995 booking fee
- o 2.84% (BBR + 2.34%), 2 year tracker, 75% LTV, £995 booking fee
- o 3.84%, 5 year fixed, 75% LTV, £1,995 booking fee
Key Highlights of our BTL proposition
- 125% rental cover based on 5% affordability rate
- Our BTL calculator quickly lets you know how much your clients could borrow in just three easy steps
- Free standard valuation (up to £2.5m property valuation)
To help speed up offer times, all Buy to Let purchase and remortgage applications with a free standard valuation will now have the valuation instructed when we initially set up the case. For all applications set up by 4pm, we will instruct the valuation straightaway. For cases set up after 4pm, the valuation will be instructed the following day.
Please give your dedicated contact a call to discuss any Buy to Let clients you are looking to find a new mortgage deal for just now.
Santander for Intermediaries
* Please refer to santanderforintermediaries.co.uk for full details of all products available
Aimed at intermediaries and investment professionals only: Not for public distribution
