Santander launches new 95% LTV and buy-to-let rates
Santander has reintroduced 95% LTV residential fixed rates and 75% LTV buy-to-let fixed rates to the market.
95% LTV products include a two-year fixed rate at 6.64% and a five-year fixed rate at 6.59%, both with no fee and £250 cashback.
In its buy-to-let range, two-year fixed rates are available at 6.09% up to 75% LTV for purchase and remortgage with a £1,499 fee, or 6.39% with no fee for remortgage only.
Five-year fixed rates at 75% LTV start from 6.04% for purchase and remortgage with a £1,499 fee and 6.19% with no fee for remortgage.
In addition, Mortgage Brain has partnered with Acre to enable brokers using the mortgage platform to connect to Santander for one click mortgage decisions.
The direct API connectivity allows Acre’s broker network to connect to Santander to obtain a full decision in principle (DIP) and pre-populated full mortgage application.
The DIP result is returned within 30 seconds and brokers get daily case tracking updates, all via the API connection.
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