Bad news for landlords as lender increases rates on B...

Santander today in increases selected residential new business fixed-rate deals, as well as some landlord and residential offers.

It is also lifting the maximum loan size on selected residential fixes and withdrawing some buy-to-let tracker deals.

Changes are:

- New 75% LTV landlord two-year tracker rate at 5.64%, with a £1,999 product fee;

- All other BTL tracker products will be withdrawn;

- Selected residential fixed rates increase by between 4bps and 33bps for purchases and remortgages;

- Maximum loan size increase on selected residential fixed rates to £1m from £570,000 at 90% loan to value

And on product transfers:

- Selected BTL fixed rates increase by between 11bps and 15bps;

- New BTL two-year tracker rate at 5.64%, with a £1,999 product fee;

- All other BTL two-year tracker products will be withdrawn;

- Selected residential fixed rates increase by between 8bps and 23bps.

The Bank of England last week left interest rates on hold at 5.25%, a 16-year high, for the sixth time in a row..

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