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Santander launches five-year buy-to-let fix exclusive to brokers

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  • 11/04/2014
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Santander launches five-year buy-to-let fix exclusive to brokers
Santander for Intermediaries has launched a five-year fixed rate at 4.34% up to 75% loan-to-value for buy-to-let customers exclusively for brokers.

The product is available to employed and self-employed non-professional landlords with a £1,495 fee and comes with Santander’s homebuyer or remortgage cashback option.

Last week Santander released the details of its new broker exclusive buy-to-let range which opended up it buy-to-let mortgages for self-employed landlords from 7 April.

Santander for Intermediaries has also reduced a selection of its buy-to-let mortgage rates by 0.30% including:

 – Two-year fixed at 60% LTV reduced from 2.99% to 2.69% with a £1,495 fee

 – Two-year tracker at 75% LTV reduced from 3.35% to 3.05% with a £1,495 fee

Brad Fordham, managing director for Santander for Intermediaries, said: “The growing buy-to-let market is a key sector for SFI.

“We’ve listened to feedback from our intermediary partners and these latest changes demonstrate our commitment to this sector.”

Fordham said Santander for Intermediaries will continue to review its buy-to-let offering to ensure its mortgages offer good value and are accessible to both employed and self-employed non-professional landlords.

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