Santander improves buy-to-let affordability
The changes could enable landlords to borrow more when buying or remortgaging a buy-to-let property.
Santander has reduced its buy-to-let affordability rates.
The changes could allow landlords to borrow more when buying or remortgaging a buy-to-let property.
Under the new affordability rules, standard buy-to-let affordability rates are down from 7.15% to 6.99%.
Five-year fixed rates and pound-for-pound remortgages will now be assessed at a rate of 4.99%, down from 5.15%.
If a material change is made to an existing application, the case will be reassessed using Santander's new lending policy.
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