SfI has also launched a ERC free .79% 2-year tracker at 60% LTV and with a £995 fee.
Brad Fordham, managing director of Santander for Intermediaries, said: “The Buy to Let market remains a key focus for SfI as we move into 2014 and this latest improvement, offering a free valuation and £250 cashback to non-professional landlords when remortgaging, demonstrates our continued commitment to this sector.”
From today all non-professional landlords wishing to remortgage their buy-to-let property will be able to claim SfI’s remortgage cashback.
The latest improvements follow 12 months of enhancements to SfI’s buy-to-let offering, with the intention of increasing its market share of this market.
SfI has also launched two fixed rates at 85% LTV, one at 2.89% with a £995 fee and one at 3.99% with a £495 fee. Both offer free valuation and £250 cashback or free legals for those remortgaging.
A 2-year fixed rate at 70% LTV and 2.04% rate with a £995 fee, replaces the former 60% LTV product.
Santander current account customers can access a 1.94% 2-year fix at 70% LTV
Santander 1|2|3 Current Account customers who pay their monthly mortgage payment by direct debit get 1% cashback on maximum monthly mortgage payments of £1,000.
Fordham added: “We want Santander for Intermediaries to be the first point of call for intermediaries and their clients. We have a long history of providing competitively priced products. These latest additions to our range, including our market leading tracker at 60% LTV and market leading 85% LTV products, have been designed to show the market that we can offer a wide variety of LTV products in addition to competitive rates and fees. This coupled with our latest enhancement to our buy-to-let offering, will provide brokers and customers with choices to suit their needs.”