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Buy to Let calculator

Find out how much your client could borrow

Latest version 08/09/2019

We’re temporarily only accepting Buy to Let remortgage applications up to 60% LTV, up to a maximum loan of £750,000, where the property is already let.

Mortgage details

Please indicate whether this is a single or joint appliation

Please enter the rent.

£
You should input this annual figure when you complete the application in Introducer Internet.

£0

Please enter the estimated property value. Our minimum property value is £75,000.

Our minimum property value is £75,000.

£
For remortgage cases, we’ll calculate the maximum your clients could borrow which may include capital raising.

Please choose a mortgage type.

Please enter the current balance. Our maximum LTV is 75%.

£

We don't accept remortgage applications without capital raising that don’t meet our transitional affordability policy. Please see our BTL criteria for more details.

Please choose the repayment method.

Please enter interest only amount.

£

Please enter repayment amount.

£

£0

Please check the interest only and repayment splits. Our maximum LTV is 75%. Also our minimum loan size is £25,000 and our maximum is £750,000

Our minimum term is 5 years and our maximum term is 40 years.

Our minimum term is 5 years. Our maximum term is 40 years.

Monthly running costs

When you submit the application on Introducer Internet, you’ll need to input these figures in AIP > Loan required > BTL details.

Please confirm if the property will be managed by an agent.

Please enter the agent fees.

£
You must enter a monthly allowance for the loss of rental income to cover periods where the property is empty. We've calculated a guideline figure. If your client's allowance for rental voids is different you can change this amount.

Please enter an amount, this can be 0.

£
We'd expect your client to make a monthly allowance to cover the costs of maintaining the property.

Please enter an amount, this can be 0.

£
Please enter any other monthly costs to cover things like insurances or safety certificates.

Please enter an amount, this can be 0.

£
Please enter the monthly equivalent costs for any ground rent and service charges.

Please enter an amount, this can be 0.

£
Please include any other costs that your client will use any surplus rent for. For example, if your client will be using some of the income to fund regular living expenses.

Please enter an amount, this can be 0.

£

When you submit the full mortgage application on Introducer Internet, please make sure you enter £{otherMonthlyAmount1} into 'Other monthly costs' so that we can take into account the ground rent and service charge as well as other monthly costs.

When you submit the full mortgage application on Introducer Internet, please make sure you enter £{otherMonthlyAmount2} into 'Other monthly costs' so that we can take into account the ground rent and service charge.

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Santander for Intermediaries is a brand of Santander UK plc and is not a regulated company. Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.

19/05/2020 On hold valuations - cases requiring a physical property inspection (England only)

Our valuation partners will aim to contact your client or the property owner by Friday 29 May to arrange a valuation date and carry out an initial safety assessment for all applications where the valuation was placed on hold, due to a physical property inspection being required. We anticipate most valuations will be carried out before Wednesday 10 June.