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Santander buy to let mortgage rates
Phill_-_Liverpool
Posts: 34 Forumite
just had a frustrating conversation with Santander rate line!!
Basically I have a residential mortgage on SVR at 4.74%
All I wanted to know was if I decide to change my mortgage to buy to let, what the rates might be if I tied myself into a new deal. Sounds pretty reasonable??
My response was....pay £295 to change it over and we'll tell you!!
Anybody here perhaps know the buy to let rates?? or perhaps another provider I could go to as I just want to know some rates should I decide to rent out. I am not tied into Santander so that isn't a problem...
thanks in advance.
Basically I have a residential mortgage on SVR at 4.74%
All I wanted to know was if I decide to change my mortgage to buy to let, what the rates might be if I tied myself into a new deal. Sounds pretty reasonable??
My response was....pay £295 to change it over and we'll tell you!!
Anybody here perhaps know the buy to let rates?? or perhaps another provider I could go to as I just want to know some rates should I decide to rent out. I am not tied into Santander so that isn't a problem...
thanks in advance.
0
Comments
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May be better deals available away from Santander.
How much is the property worth? How much do you need to borrow? How much rent per month?I am a Mortgage AdviserYou 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.0 -
May be better deals available away from Santander.
How much is the property worth? How much do you need to borrow? How much rent per month?
Reckon worth between 65-70k outstanding mortgage is 49k
had a rent appraisal and between 450-475 pcm but need to deduct letting fees (10%)
im aware of insurance safety certs and tax and I will be contributing towards mortgage repayment as I want capital & interest mortgage. would ideally like 10yr term but open to 12..0
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