Santander has also announced reductions across its existing buy-to-let and residential fixed and tracker rate mortgage range of up to 0.14%.
The one-year fixed rate buy-to-let deal is for landlords remortgaging up to 75% loan-to-value (LTV). It’s priced at 5.37% with a £1,749 fee.
Santander UK head of intermediary channel Graham Sellar said: “We know that the volatile rates this year have made it a tricky market for both customers – and brokers supporting them – with a remortgage or new borrowing. We’re pleased to introduce a one-year fixed rate product to our buy-to-let offering, giving landlords certainty of payments, while offering more flexibility than a traditional longer fixed rate.”
Examples of reductions across Santander’s existing buy-to-let range include:
- 60% LTV two-year fixed rate, purchase at 5.29% with a £0 purchase fee, reduced by 0.13%.
- 75% LTV five-year fixed rate, purchase at 4.81% with a £0 purchase fee, reduced by 0.10%.
- 60% LTV two-year fixed rate, remortgage at 4.78% with a £1,749 fee – reduced by 0.04%.
- 75% LTV two-year fixed rate, remortgage at 5.43% with a £0 purchase fee – reduced by 0.07%.
Examples of residential two-year fixed rates that have been reduced include:
- 60% LTV two-year fixed rate, purchase at 4.58% with a £999 fee – reduced by 0.06%.
- 75% LTV two-year fixed rate, purchase at 4.98% with a £0 fee – reduced by 0.05%
- 85% LTV two-year fixed rate, remortgage at 5.53% with a £999 fee – reduced by 0.14%
- 90% LTV two-year fixed rate, remortgage at 5.93% with a £999 fee – reduced by 0.10%.
Examples of residential three-year fixed rates that have been reduced include:
- 60% LTV 3-year fixed rate, purchase at 4.53% with a £999 fee – reduced by 0.08%
- 75% LTV three-year fixed rate, purchase at 4.87% with a £0 fee – reduced by 0.10%
- 60% LTV three-year fixed rate, remortgage at 4.60% with a £999 fee – reduced by 0.06%
- 75% LTV three-year fixed rate, remortgage at 4.96% with a £0 fee – reduced by 0.11%
Examples of residential five-year fixed rates that have been reduced include:
- 60% LTV five-year fixed rate, purchase at 4.37% with a £0 fee – reduced by 0.11%
- 95% LTV five-year fixed rate, purchase at 5.41% with a £0 fee and £250 cashback – reduced by 0.05%
- 60% LTV five-year fixed rate, remortgage at 4.38% with a £999 fee – reduced by 0.04%
- 90% LTV five-year fixed rate, remortgage at 5.55% with a £0 fee – reduced by 0.10%
