Santander has cut its BTL rates for intermediaries by 16bps.
These changes take place with immediate effect, with the bank’s standard BTL mortgage falling from 7.15% to 6.99%.
Meanwhile, the five-year fixed-rate BTL mortgage has similarly reduced from 5.15% to 4.99%.
Santander has also made this change for its remortgage BTL offering, with this reducing the same as its five-year fixed-rate product.
These are for individual landlords only, with the bank not currently accepting applications from limited companies, partnerships and trusts for BTL products.
