Santander has reintroduced 75 per cent LTV lending within its buy-to-let range as well as raising the maximum loan about for residential mortgages to £3m.

The new BTL mortgages, all at 75 per cent LTV and for purchase or remortgage, include a two-year fixed rate with £1,499 fee at 1.49 per cent and a two-year fixed rate with no fee at 2.15 per cent.

The range also has a five-year fixed rate with £1,499 fee at 2.04 per cent and a five-year fix with no fee at 2.39 per cent.

For residential loans at up to £3m and for purchase and remortagage, all commanding a £2,499 fee, Santander has issued a 60 per cent LTV two-year fix at 1.44 per cent and a 75 per cent LTV two-year fix at 1.54 per cent.

As well as this, residential purchases may also choose from a 60 per cent LTV five-year fix at 1.64 per cent and a 75 per cent LTV five-year fix at 1.74 per cent.

Santander head of intermediary distribution Helen Harrison says: “We are pleased to have remained open for business during the Covid-19 pandemic, progressing 70 per cent of mortgage applications using AVM.

“However, we know that some customers have found it difficult to find suitable borrowing for their needs. We are pleased to announce today’s updates to our product range to offer support for buy to let customers and those looking to take out a larger loan.”