The new 4.34% is available to both employed and self-employed non-professional landlords with a £1,495 fee and comes with Santander’s unique Homebuyer or Remortgage Cashback Solutions.
The 5 year fixed is the latest addition to SFI’s Buy to Let range, following the extension of its Buy to Let criteria to self-employed landlords on the 7 April, with the intention of increasing Santander’s share of this growing market.
Santander for Intermediaries is also reducing a selection of its BTL mortgage rates by 0.30%.
Brad Fordham, Managing Director for Santander for Intermediaries said:
“The growing Buy to Let market is a key sector for SFI. We’ve listened to feedback from our intermediary partners and these latest changes, which include the launch of our 5 year fixed for those landlords seeking guaranteed payments for the longer term plus reduced 60 and 75 per cent LTV rates, demonstrate our commitment to this sector. We will continue to review our Buy to Let offering, to ensure our competitive mortgages offer good value and are accessible to both employed and self-employed non-professional landlords, meeting their requirements for both now and in the future.”
