New Buy to Let mortgages from Santander starting from 2.29%

by Neil Patterson

11:26 AM, 29th October 2015
About 3 years ago

New Buy to Let mortgages from Santander starting from 2.29%

Make Text Bigger
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.Santander

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

Or for help on any type of property finance please complete the form below

Contact Property118 for assistance

  • Please give us a few details so we can investigate and call you back

 



Comments

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Millennials stumble on the Property Ladder

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More