New Buy to Let mortgages from Santander starting from 2.29%

A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers.

2 year Fixed rates:

There are 8 products

• From 2.29% Max 60% LTV Booking fee £1,995 early repayment charge 3%
• To 3.99% Max 75% LTV Booking Fee £995 early repayment charge 3%

5 year Fixed rates:

6 products

• From 3.29% Max 60% LTV Booking fee £1,995 early repayment charge 5%
• To 3.84% Max 75% LTV Booking fee £1,995 early repayment charge 5%

2 year Tracker rates:

4 products

• From 2.84% (BBR plus 2.34%) Max 75% LTV Booking fee £995 early repayment charge 2%
• To 3.44% (BBR plus 2.94%) Max 75% LTV Fee Free early repayment charge 2%

Basic Criteria:

• Min Loan £25,000
• Max Loan £750,000
• Min Property Value £75,000
• No HMOs
• Max age of applicant 70 on application and 75 at end of term
• Stress test at notional rate of 5% on 125% interest cover
• Min income of first applicant £25,000 employed or self employed and not retired

To investigate all Buy to Let mortgages on the market from every lender please see our Mortgage Sourcing Tool CLICK HERE

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