Mortgages

4% Buy to Let affordability rate? Score!

Our wide range of Buy to Let mortgages gives your clients:

o Free standard valuation up to a property value of £2.5m - available on all products.
o Plus, either standard legal fees paid or £250 cashback for Buy to Let remortgages (ERCs apply).

All Buy to Let properties must meet our minimum rental cover at the Buy to Let affordability rate on an interest only basis:

Application type

Rental cover

Buy to Let affordability rate

At least one applicant's income tax band is 20% or less1

All applicants' income tax bands are 40% or 45%

Less than 5 year products

5 year fixed

Purchase or remortgages with capital raising

130%

145%

5.50%

4.00%

(no porting)

Remortgages without capital raising (£4£)         

130%

145%

4.00%

4.00%

1The income tax band selected should take into account profit on rental income for all properties that the applicant will own on completion.

The property being mortgaged with Santander must be self-financing.

Our Buy to Let calculator confirms the maximum we may be able to lend.

Please see our key criteria details on our Buy to Let page.


Buy to Let calculator

Check whether the rent meets our minimum rental cover and whether the property is self-financing.

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Latest rates

View our latest mortgage rates.

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Buy to Let criteria

View and search our Buy to Let lending criteria

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