Santander has launched a new range of buy-to-let mortgages and reduced borrowing rates by up to 0.3% on existing fixed-rate products.
From today, the lender is offering a two-year fixed rate product at 2.29% up to 60% loan-to-value (LTV) and a two-year fix at 2.59% up to 75% LTV for BTL remortgage, with no product fee, free standard valuation and £250 cashback on completion.
Five-year buy-to-let fixed rate deals are also available at 2.45% up to 60% LTV and 3.04% up to 75% LTV, both with a £1,999 product fee, free standard valuation and £250 cashback.
Miguel Sard, managing director of mortgages at Santander UK, commented: “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.”
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