Following the recent announcement about its affordability approach for buy-to-let customers, Santander will offer new two-year buy-to-let remortgage rates from 2.29% at 60% LTV and 2.59% at 75% LTV, with no product fee, free standard valuation, £250 cashback on completion.
Five-year fixed BTL remortgage rates start from 2.45% at 60% LTV and 3.04% at 75% LTV with a £,1999 product fee, free standard valuation and £250 cashback.
Alongside this, the bank will be introducing three new fixed rates for first time buyers across a range of loan to value, a new five-year fixed rate product for purchase and remortgage and rate reductions of up to 0.3% on a selection of existing fixed rate products.
The new five-year fixed rate residential product is available at 2.49% up to 80% LTV.
New first-time buyer rates start from 1.59% at 60% LTV, rising to 2.29% at 75% LTV and 2.59% at 85% LTV.
The residential products all come with no product fee and £250 cashback on completion.
Miguel Sard, Managing Director of Mortgages at Santander UK, said: “Following our announcement a couple of weeks ago about our new affordability approach for buy-to-let customers, we are very pleased to now introduce some market leading remortgage rates to further support this important sector of the market.
“We are also excited to be introducing a highly competitive range of new mortgages and rate reductions designed to provide additional choice and value for customers across the residential market.”
