Here’s a reminder of some of the recent Buy to Let improvements we’ve made for you and your clients
- We offer a flexible approach to our affordability:
- 50% affordability rate for 5 year fixed rates
- 125% cover for remortgages without capital raising under transitional arrangements for all income tax bands
- 130% cover where at least one applicant’s income tax band is 20% or less
- 145% cover if all applicants’ income tax bands are 40% or 45%
- Lower minimum income of £25,000 for all applications
- All income types now accepted (except rental income)
- We’ve increased the number of acceptable tenants on one tenancy agreement to four tenants
- Plus we’ve increased the maximum tenancy term for an Assured Shorthold Tenancy (or equivalent) to 36 months
- Our Buy to Let calculator quickly tells you how much your client could borrow and whether the property is self-financing
If you want to know more about the above, please call your dedicated contact.
Santander for Intermediaries
Aimed at intermediaries and investment professionals only: not for public distribution
