Santander has launched a new buy-to-let remortgage range after loosening affordability rules for remortgagors two weeks ago.
The bank’s remortgage-only buy-to-let products include 2-year fixes at 2.29% to 60% loan-to-value and 2.59% to 75% LTV, both with no product fee, a free standard valuation and £250 cashback on completion.
Alternatively borrowers can take out 5-year fixes at 2.45% to 60% LTV and 2.45% to 75% LTV with a £1,999 product, free standard valuation 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.”