Santander adds sub-4% deals, debuts resi and landlord PT cuts

High street giant hikes rates on most products

Santander has cut rates on four of its buy-to-let mortgages and launched three new residential products as the high street giant hikes rates on most of its other products.

The best buy-to-let and residential deals

On the buy-to-let front, a rate of 3.99 per cent is now available for two-year fixed products up to 75 per cent loan-to-value (LTV) with a £1,999 fee. A five-year fix at 4.49 per cent is also available at the same LTV, again with a £1,999 fee. Both products come with free standard valuation, free legals for remortgages and a free BTL calculator.

The lender is also offering a two-year tracker at 3.79 per cent up to 65 per cent LTV with a £1,999 fee. The product comes with free standard valuation, free legals for remortgages and a free BTL calculator.

For landlords, Santander has also debuted a two-year fixed buy-to-let product at 4.29 per cent with a £1,999 fee and free standard valuation, free legals for remortgages and a free BTL calculator.

Other changes to Santander's buy-to-let range

The lender has also increased rates on the majority of its other buy-to-let products, with two-year fixed products now starting at 4.4 per cent.

Santander has also reduced maximum loan sizes on selected products in its buy-to-let range, with the maximum loan size on its two-year fixed product at 75 per cent LTV now standing at £500,000.

The lender has also made changes to its buy-to-let criteria, with the minimum income requirement for individual applicants now standing at £25,000 and the minimum income requirement for limited company applicants now standing at £30,000.

Santander's new residential mortgage products

Santander has launched a trio of new residential mortgage products, including a two-year fixed rate at 3.99 per cent with a £999 fee and a five-year fixed rate at 4.49 per cent with a £999 fee. Both products are available at up to 60 per cent LTV.

The lender has also launched a two-year fixed rate at 4.49 per cent with a £1,999 fee and no minimum income. The product is available up to 90 per cent LTV.

Santander has also increased rates on the majority of its other residential mortgage products, with two-year fixed products now starting at 4.29 per cent.