We’ll consider BTL remortgages with capital raising for personal use up to 75% LTV including debt consolidation.
4% BTL affordability rate available on:
- Remortgages without capital raising (all products);
- Purchase or remortgages with capital raising (5 year fixed products only).
If at least one applicant’s income tax band is 20% or less, we’ll use a lower rental cover of 130%.
For BTL remortgages without capital raising (£4£) the application must meet the following property criteria on completion of the new mortgage:
- Maximum number of mortgaged let properties with Santander – 3
- Maximum number of let properties (mortgaged and mortgage-free) – 10
To find out more visit our website here.
