The bank has launched the 2.35% two-year fix for landlords with a 40% deposit. A booking fee of £1,995 applies.
Those seeking a residential purchase or remortgage deal have also seen rates reduced by up to 0.65%. This new range includes a ten-year fix at less than 3%.
New products include:
1.39% two-year fix, 60% loan-to-value, £1,495 booking fee (£200k minimum loan)
2.35% five-year fix, 60% loan-to-value, £995 booking fee
2.94% ten-year fix, 70% loan-to-value, £995 booking fee
4.24% three-year fix, 90% loan-to-value, no booking fee
The bank has also opened up criteria on large loans with the maximum loan size increased to £3m.
Miguel Sard (pictured), head of Santander mortgages, said: “We know that different customers want different things, which is why our new range supports buy-to-let landlords, offers competitive rates on our residential products, including larger loans and rewards customers loyalty.
“We have some of the lowest rates available in the market and want to support every customer secure the best mortgage to meet their needs.”
