Santander reduces mortgage rates and launches new buy-to-let trackers
Residential fixed rates have reduced by up to 0.24%.
Santander has launched a new range of buy-to-let two-year tracker rates for both purchases and product transfers.
The lender has also reduced selected buy-to-let purchase and remortgage rates and selected residential fixed rate new business and product transfer rates.
The new buy-to-let let trackers are available from 5.60% at 60% LTV and 5.84% at 75% LTV, both with a £1,749 product fee.
Selected buy-to-let fixed rates have reduced by between 0.03% and 0.11% for purchases and remortgages and selected residential fixed rates are down by between 0.02% and 0.24% for purchase and remortgage.
Selected residential product transfer rates are also reducing by up to 5bps.
The latest changes follow a criteria overhaul at the bank earlier this month, which saw Santander increase its LTV limits and maximum loan sizes, as well as enhancing its interest-only and large loan lending policies.
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