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.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Vida
Vida launches high LTV 'Pathway' mortgage range
Melton Building Society
Melton BS launches 100% LTV mortgageÂ
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
AI
Financial services exposed to ‘serious harm’ from AI risks: Treasury Committee
