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SANTANDER - BUY TO LET MORTGAGES

This table shows Santanders current Buy to Let mortgage range and rates

 Percentage booking fees must be added to the loan

As a cautionary note Santander do not caculate affordability on just the depoit and rental coverage but also take into account rental voids and repairs.

Mortgage Trust has now launched a new range of Buy to Let Mortgage at competitive rates, but linked to the now infamous LIBOR. (London Interbank Offer Rate)

Remember when researching for the best deal it’s not just the initial rate that counts but the fees charged by the lender and their follow on rate. An example of this is the Leeds Building Society who offer attractive initial rates but the follow on rate is 5.69%.

 

2 year Fixed rate

Maximum Loan to Value

Initial Rate

Differential to BBR

APR

Booking fee

Completion deadline

Minimum loan size

Maximum loan size

Early Repayment Charge

Payable if you repay on or before

Product Code

Benefit package

60%

2.89%

n/a

4.9%

2.50% (must be added to the loan)

28 June 2013

£50,000

£500k

3%

2 March 2015

BL57C

NONE

60%

2.89%

n/a

4.8%

2.50% (must be added to the loan)

28 June 2013

£50,000

£500k

3% (+ benefit)

2 March 2015

BL57H

Homebuyer Solution

60%

3.49%

n/a

4.7%

£1,495

28 June 2013

£25,000

£500k

3%

2 March 2015

BL56C

NONE

60%

3.49%

n/a

4.8%

£1,495

28 June 2013

£25,000

£500k

3% (+ benefit)

2 March 2015

BL56H

Homebuyer Solution

75%

3.89%

n/a

4.9%

£1,495

28 June 2013

£25,000

£500k

3%

2 March 2015

BL58C

NONE

75%

3.89%

n/a

4.8%

£1,495

28 June 2013

£25,000

£500k

3% (+ benefit)

2 March 2015

BL58H

Homebuyer Solution

5 year Fixed rate

Maximum Loan to Value

Initial Rate

Differential to BBR

APR

Booking fee

Completion deadline

Minimum loan size

Maximum loan size

Early Repayment Charge

Payable if you repay on or before

Product Code

Benefit package

60%

4.39%

n/a

4.8%

£1,495

28 June 2013

£25,000

£500k

5%

2 March 2018

BL59C

NONE

60%

4.39%

n/a

4.8%

£1,495

28 June 2013

£25,000

£500k

5% (+ benefit)

2 March 2018

BL59H

Homebuyer Solution

 

 

2 year variable rate Tracker

Maximum Loan to Value

Initial Rate

Differential to BBR

APR

Booking fee

Completion deadline

Minimum loan size

Maximum loan size

Early Repayment Charge

Payable if you repay on or before

Product Code

Benefit package

60%

2.75%

2.25%

4.8%

2.50% (must be added to the loan)

28 June 2013

£50,000

£500k

2%

2nd anniversary

BL38C

NONE

60%

2.75%

2.25%

4.8%

2.50% (must be added to the loan)

28 June 2013

£50,000

£500k

2% (+ benefit)

2nd anniversary

BL38H

Homebuyer Solution

60%

3.35%

2.85%

4.7%

£1,495

28 June 2013

£25,000

£500k

2%

2nd anniversary

BL37C

NONE

60%

3.35%

2.85%

4.7%

£1,495

28 June 2013

£25,000

£500k

2% (+ benefit)

2nd anniversary

BL37H

Homebuyer Solution

75%

3.55%

3.05%

4.7%

£1,495

28 June 2013

£25,000

£500k

2%

2nd anniversary

BL39C

NONE

75%

3.55%

3.05%

4.8%

£1,495

28 June 2013

£25,000

£500k

2% (+ benefit)

2nd anniversary

BL39H

Homebuyer Solution

Product code key: C = available for all landlords, H = available for purchase only

 

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We offer at least twice the choice of mortgages compared to a standard broker.

View the video on our homepage that explains how mortgage advice has changed.

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