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Santander cuts resi and BTL rates by up to 20bps, loosens criteria    – Mortgage Strategy

Santander will cut selected rates for new customers by up to 17 basis points and all buy-to-let products by up to 20bps tomorrow (19 April).   The move by the high street bank comes as it also loosens its affordability criteria for residential secondary income and BTL loans on Wednesday.   The lender says selected
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Santander cuts new business, tracker rates by up to 34bps    – Mortgage Strategy

Santander for intermediaries will cut most new business fixed-rate loans by up to 28 basis points and selected tracker rates by up to 34bps tomorrow (21 March), which brokers hope will spur further cuts by lenders. The broker-only arm of the high street bank adds that it will add a five-year purchase fixed rate 60%
United Kingdom Aaron Shinwell Graham Cox Imran Hussain England Monetary Policy Committee Harmony Financial Services

Santander to relax all resi and most BTL affordability rates

Santander for Intermediaries says it will cut all its residential and most buy-to-let affordability rates from tomorrow (14 December).   The unit told brokers in a note: “This means that most of your clients will be able to borrow more than before, while also ensuring we meet our obligations as a responsible
Benjamin Blyth Lewis Shaw Jeremy Hunt Kwasi Kwarteng Financial Conduct Authority Office For National Statistics

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Santander limits self-employed borrowing to 60% LTV

Santander limits self-employed borrowing to 60% LTV By Rebekah Commane 8 Santander has limited all residential borrowing for self-employed applicants to 60 per loan-to-value. In a note to brokers, the lender says the move is to help manage current pipeline cases following the latest lockdown and school closures and will come into effect as of tomorrow, Saturday 9 January. Santander will not lend to self-employed borrowers whose business is not trading due to Covid-19 ...
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