Santander has today launched a new range of 3-year fixed buy-to-let (BTL) mortgage products.
The lender informed brokers of this launch this morning, stating that its current average time to offer for buy-to-let applications is seven days.
This move makes Santander the latest lender to introduce new buy-to-let options, following similar moves from a number of other major lenders in the past few weeks.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Santander are the latest lender to introduce a 3-year fixed rate, following Accord, Godiva, Market Harborough Building Society, and Kensington.
“Even though the products are priced slightly higher priced than competitors, they are still a welcome addition to the mix.”
