Santander buy to let mortgage deals are now easier to get.
Santander buy to let mortgage criteria has been loosened making deals easier to achieve by landlords.
The decision to relax its criteria has been made to enable the lender to take a bigger share of the buy to let mortgage pie.
Santander advises that it now accepts applications from landlords with up to seven investment properties, a maximum of five can be with Santander. Applications from investment landlords who have between 1 and 10 secured credit commitments will also be considered.
Where there are 5 or more buy to let properties or credit commitments at the time of application, Santander advises at least 1 applicant must have a £50,000 basic salary. Where an applicant has 4 or under properties the basic salary must be a minimum of £25,000.
These changes are a significant improvement on its previous buy to let mortgage criteria, and have been designed to make it easier for investors to increase their property portfolio.
If you are considering investing in buy to let and would like mortgage advice and a quote, you are recommended to seek professional help to source the right deal.
Our impartial expert advisers at Deal Direct can review your buy to let mortgage needs before searching the entire market for the right deal for your circumstances.
Call now for a low rate mortgage quote on 0800 048 8828.
