Abbey for Intermediaries, which is now part of the Santander Group is now offering buy to let mortgages at up 75% LTV.
At this stage they are targeting non-professional, employed landlords who are looking to purchase or remortgage one or two BTL properties at up to 75% LTV. A minimum deposit of 25% is required with rental cover of 125% or above, calculated on an interest-only basis.
The products on offer are two year fixed rate deals at:
60% LTV - 4.29% with a £1,495 fee
60% LTV - 4.29% with a £1,495 fee (homebuyer solution)
75% LTV - 5.19% with a £1,495 fee
75% LTV - 5.19% with a £1,495 fee (homebuyer solution)