Santander announces cuts to BTL rates
Santander has announced today that it it has reduced its BTL rates by a 'significant' ammount as it attempts to tap further into the lucrative rental sector.
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According to the lender, four two-year fixed rate products have seen reductions of up to 0.3%.
The new rates include:
- 60% LTV 1.99% with a £1995 booking fee on purchase and remortgage
- 60% LTV 1.89% with a 1.5% booking fee on purchase and remortgage
- 75% LTV 2.49% with a £1995 booking fee on purchase and remortgage
- 75% LTV 2.29% with a 1.5% booking fee on purchase and remortgage
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