Santander is launching a new range of buy-to-let and residential mortgages.
Its buy-to-let remortgage range rates start at 2.29% for a two-year fix with a 60% LTV and 2.59% for a 75% LTV. Both have no product fee and come with £250 cashback on completion.
The five-year fixed rate offering starts at 2.45% for a 60% LTV, going up to 3.04% for the 75% LTV version. Both come with a product fee of £1,999 and £250 cashback on competition.
The bank will be introducing three new fixed rates for first- time buyers across a range of loan to values, a new five-year fixed rate product for purchase and remortgage and rate reductions of up to 0.3% on a selection of existing fixed rate products.
The first-time buyer range includes a two-year fixed rate at 1.59% on a 60% LTV, a five-year fix at 2.29% with a 75% LTV, and a five-year fix at 2.59 with an 85% LTV. The products do not have a product fee.
Santander has also made a number of cuts to its residential rates, with some products seeing a fall of up to 0.30%.
Miguel Sard, managing director of Mortgages at Santander UK, said: “Following our announcement a couple of weeks ago about our new affordability approach for Buy to Let customers, we are very pleased to now introduce some market leading remortgage rates to further support this important sector of the market.
“We are also excited to be introducing a highly competitive range of new mortgages and rate reductions designed to provide additional choice and value for customers across the residential market.”
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