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New Five-Year Buy to Let Mortgage

Tuesday, 15th April, 2014

Santander for Intermediaries (SFI) has announced a new five-year fixed-rate buy-to-let mortgage charging 4.34% up to 75% LTV.

It has also cut rates by 0.3% on selected 60% and 75% LTV fixed and tracker buy-to-let products. All buy-to-let deals are available now, exclusively via SFI.

The new 4.34% rate has a 1,495 fee and is available to both employed and self-employed non-professional landlords. It comes with SFIs Homebuyer or Remortgage Cashback Solutions package.

This follows the lender's recent decision to expand its buy-to-let criteria to self-employed landlords, in a bid to boost its share of this growing market.

It is also reducing a selection of its buy-to-let mortgage rates by 0.30%:

  • Two-year fixed rate to 60% LTV has been cut from 2.99% to 2.69%
  • Two-year fixed rate to 75% LTV down from 3.49% to 3.19%
  • Two-year tracker to 75% LTV down from 3.35% to 3.05%





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