Santander to offer buy to let mortgages to self-employed applicants.
Santander has announced plans to loosen its buy to let criteria to include applications from self-employed borrowers.
The change is to come into effect from 7 April, lending criteria and income requirements will be advised over the coming weeks. This is the latest move by Santander to increase its share of the growing buy to let sector.
There are several other lenders such as BM Solutions who already offer self-employed buy to let mortgages. These deals include several low rate mortgage 'specials' which are available through a limited number of brokers.
If you would like to review all products available and the rates on offer, contact Deal Direct. You can call and speak to an adviser or you can make an online mortgage request. We have access to many exclusive deals not available online.
With the recent announcement of changes to pension rules, it is expected that demand for buy to let property will significantly increase. If you would like to compare the best rates on offer throughout the market speak to one of our impartial advisers.