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Santander lures in landlords with BTL incentives

  • 17/01/2014
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Santander lures in landlords with BTL incentives
Santander for Intermediaries is offering free valuations and £250 cashback to non-professional landlords looking to remortgage in a bid to increase its buy-to-let market share.

Brad Fordham, managing director of Santander for Intermediaries, said: “The buy-to-let market remains a key focus for Santander as we move into 2014 and this latest improvement demonstrates our continued commitment to this sector.”

Santander has also added products to its mainstream residential range.

A 1.79% two-year tracker at 60% loan-to-value with a £995 fee is now available.

The tracker will be free of early repayment charges allowing customers to switch the product at any time.

The lender is also extending its residential range with two fixed rates at 85% with different fee structures.

A two-year rate of 2.89% is available for a fee of £995 and a five-year fixed rate of 3.99% is available for a fee of £495.

The products come with Santander’s homebuyer or remortgage solutions which offer a free valuation and £250 cashback for those buying a new home and a free valuation and £250 cashback or free legals for those remortgaging.

A 2.04% two-year fixed rate at 70%, with a £995 fee, replaces the former 60% LTV product. Santander current account customers can benefit from an exclusive two-year fixed rate at 70% LTV at 1.94% with £995 fee.

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