Santander has announced that it has refreshed its 60% and 70% loan-to-value (LTV) buy-to-let deals to help encourage ‘those who want to invest make their ambition become a reality’.
The lender’s 60% LTV two-year fix at 1.44% now comes with a £1,495 product fee, following a £500 reduction, while its 75% LTV two-year fix at 1.94% also now comes with a £1,495 fee.
In addition, Santander has made reductions to its five-year fixes to stand at 1.79% to 60% LTV and 1.99% to 75% LTV, both with a £999 product fee, while its 90% LTV two-year fix has been reduced to 2.54% with no product fee.
Brad Fordham, intermediaries managing director at Santander, said: “The BTL market has slowed in recent months, but appetite for investing in property remains.
“We hope that by reducing the product fee on our BTL products, we will support this area of the market and help those who want to invest make their ambition become a reality.”
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
.png)
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment