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TODAY'S OTHER NEWS

Santander increases BTL mortgage rates

Santander has increased a selection of its buy-to-let mortgage rates for purchase and remortgage. 

The lender has increased selected rates and fees at 60%, 75% and 85% loan-to-value (LTV) by up to 0.3%.

The changes will see two-year fixed rates with a £1,499 fee at 60% LTV, rise by 10bps to 1.49%. 

Fee-free two-year fixed rates now start from 2.14% and five-year rates from 2.29%, an increase of 30bps.

Products at 75% LTV have increased by between 20 and 30bps, with two-year fixed rates now starting from 1.69% with a £1,499 fee or 2.39% fee-free, while a five-year fixed rate starts from 2.69% with no fee.

Santander’s 85% LTV products have seen the largest hike, with rates up by 0.3% to 2.39% fixed for two years, and 2.69% for five years. 

At 60% LTV, two-year fixed rates now start at 1.49% and five-year fixes from 1.59%. 

At 75% LTV, Santander's two-year fixed rate now starts from 1.69%, while its five-year fixed rate now starts at 1.79%.

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    I bank with Santander. I won't be taking out a BTL mortgage with them.
    And with their savings rates being slashed I will be moving them elsewhere, and moving my account as well.
    Good riddens Santander.

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    They are not a good a good bank John my mother banked with them as many older people used to from the old Abbey National days we had so much un necessary trouble with them. Some people moan about good old Barclays but I can only speak as I find they have always stood by me through good and bad times.

     
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