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Anyone Know Any Santander BTL Rates on a 5 year fix
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Posts: 543 Forumite
Hi....No replies to this question on the mortgages section so thought would try this forum
Hi
Just wondered if Santander choose to use their right to change the rates of a residential mortgage that has just been approved for Consent to Let at any time, onto 'rates equivalent to their Buy to Let product'....Then does anyone know what those rates are likely to be.
For example I am 5 year fix at 4.99 and have nearly 4 years left on this - but have CTL. So if Santander came in and said they were going to put the rates up to that of similar but BTL product then does anyone know what this might be.
I've looked online for current BTL products by Santander at 5 year fix but can't seem to find them so I wondered if anyone knew of any or if this has happened to anyone recently?
Thanks...
Hi
Just wondered if Santander choose to use their right to change the rates of a residential mortgage that has just been approved for Consent to Let at any time, onto 'rates equivalent to their Buy to Let product'....Then does anyone know what those rates are likely to be.
For example I am 5 year fix at 4.99 and have nearly 4 years left on this - but have CTL. So if Santander came in and said they were going to put the rates up to that of similar but BTL product then does anyone know what this might be.
I've looked online for current BTL products by Santander at 5 year fix but can't seem to find them so I wondered if anyone knew of any or if this has happened to anyone recently?
Thanks...
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Comments
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I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »
Thank you Kingstreet - As I have a 5 year fix residential mortgage with CTL but Santander's BTL rates are only shown as 2 year fixes - then I'm wondering how they would adjust the rates, if they chose to when I believe it is meant to 'match those of their EQUIVALENT Buy to Let Mortgages' - what would be the equivalent given they don't do 5 year fixed BTLs? (they once did but it has been withdrawn)...only 2 year fixes now...0
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