You are here: Home - News -

Santander changes residential affordability and buy-to-let criteria

  • 20/09/2018
  • 0
Santander changes residential affordability and buy-to-let criteria
Santander has changed its residential affordability rates and buy-to-let criteria for purchases and remortgages.


The lender is increasing the maximum number of let properties for landlords to hold on completion from seven to 10.

And for remortgages, Santander has reduced the maximum number of mortgaged let properties from five to three.

The bank offers free standard valuation up to a property value of £2.5m available on all products, either standard legal fees paid or £250 cashback for buy to let remortgages.

The lender would not elaborate on its changes on residential affordability rates.

A spokesperson from Santander told Mortgage Solutions said: “We work to support all customers secure the right mortgage to meet their needs, providing market leading products and services.

“As a prudent lender, we continually review our offering in line with the market and have recently made some changes to our affordability calculator.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
head shot Cammy Amaira May 2018 Tipton and Coseley BS
Broker compliance departments have hit the brakes on retirement interest-only – Tipton

Retirement interest-only mortgages have not taken off as expected, as broker compliance departments have slammed the brakes on deals going...