Santander for intermediaries will launch a range of buy-to-let two-year tracker loans and will cut selected residential rates by up to 24 basis points from tomorrow (16 April).
The high street bank’s broker-only arm will also trim selected BTL fixed rates for purchases and remortgages.
And reduce selected fixed rates across its new business and product transfer residential loans.
New business
New BTL two-year tracker rates for purchases and remortgages including:
- 60% LTV two-year tracker rate at 5.60%, with a £1749 product fee
- 75% LTV two-year tracker rate at 5.84%, with a £1749 product fee
- Selected BTL fixed rates down by between 3bps and 11bps for purchases and remortgages
- Selected residential fixed rates down by between 2bps and 24bps for purchases and remortgages
Product transfers
- New BTL two-year tracker range up to 75% LTV
- Selected residential fixed rates down by between 3bps and 5bps
The lender points out that new business and product transfer completion deadlines and charge end dates will roll on by one month.
It adds there will be no change to large loan or residential tracker rates.
