New Buy to Let mortgages from Santander starting from 2.29%

New Buy to Let mortgages from Santander starting from 2.29%

11:26 AM, 29th October 2015, About 6 years ago

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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

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