Santander cuts buy-to-let rates

Santander has cut buy-to-let rates by up to 0.20%, bringing rates as low as 4.37%.

The lender’s 5-year fixed rate buy-to-let for house purchase and remortgage start from 4.37% with a £1,749 product fee and from 5.04% with no product fee

Meanwhile its 2-year fixed rate buy-to-let for house purchase and remortgage starting from 4.99% with a £1,499 product fee and 5.39% with no product fee

Graham Sellar, head of business development, mortgages at Santander, said: “We’re pleased to announce our latest commitment to supporting landlords and existing homeowners, providing them with more flexibility and options.

“Spring and the new tax year is traditionally a period when many landlords are reviewing how they want to manage and grow their portfolios, so we want to provide them with more choice to suit whatever their future portfolio strategies are.”