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Formerly Sovereign Bank, Santander Bank is a wholly owned subsidiary of Spanish Santander Group. Established in Spain though today headquartered in Boston USA, Santander continues to show growing commitment to technological innovation and product flexibility. Santander is also the international banking group with the largest branch network, with an impressive 14,680 branches worldwide.

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  • Compare Santander Loans
  • Best Mortgage Rates
  • Santander Mortgage Calculator
  • Bridging Loan Comparisons
  • Property Development Finance
  • Get Better Rates than Santander
  • Whole Of Market Broker
  • Fully FCA Regulated Loans
  • Compare over 75 Lenders

Commercial Mortgages from Santander

  • Owner-occupied – Commercial mortgages for owner-occupiers are typically for two business situations: either a company is planning to purchase the premises where it operates from, or it wants to purchase a new building to move into.
  • Residential buy-to-let – A common scenario for commercial mortgages is the acquisition of residential property to be let out. This is usually used by landlords, along with buy-to-let limited businesses established for the very same purpose.
  • Commercial buy-to-let – Similar to the above, you can use a commercial mortgage for commercial buy-to-lets as well. As an example, you may want to buy a storage facility for your business and let it out. Although this mortgage is similar to residential buy-to-let, the lender will take a look at different factors because in general, it is harder to lease commercial properties.

Buy to Let Mortgages from Santander

Enjoy Tax Relief

With a buy to let mortgage from Santander, you will still be able to claim some tax relief due to your mortgage interest but the amount that you are able to claim has changed. This means that you will need to update your tax information to make sure that you are paying enough.

Getting a Buy to Let Mortgage

Since there is so much information that the mortgage lender will need from the borrower, in order to obtain a buy a let to let mortgage, you will have to come into the branch to speak with a financial advisor. While you can call and get information, you cannot start the loan process over the phone.

Portfolio Landlords

If you own four or more properties that are mortgaged as buy to let, then you will be considered a portfolio landlord. This means that if you are currently under this definition, then there are no changes and you can switch to new products as necessary. If you want to expand your portfolio, you will be unable to get a mortgage with Santander. In the same way, if you remortgage with a different lender, you may need to have more information showing your business plan and property schedule.

Help-to-Buy Loans from Santander

These loans are intended to help people purchase a brand-new home without a huge deposit or to help first-time buyers to get on the property ladder.

What is Help to Buy?

The Help to Buy scheme has three main categories:

  • Help to Buy equity loans
  • Help to Buy ISAs
  • London Help to Buy

To qualify for the scheme, you’re required to:

  • Be buying a house you’re planning on living in most of the time
  • Have a deposit of at least 5%
  • Be looking to buy a house worth £600,000 or less

What Is a Help to Buy Equity Loan?

These loans are among the most popular ways of getting on the property ladder and are available to people who look at buying a new-build property. These loans work like this:

  • You put a deposit down of at least 5%
  • The government lends you up to 20% of the property’s value as an equity loan
  • You take out a mortgage on the remainder of the property’s value

Mortgage Calculator

A mortgage calculator is a great way of finding out the size of mortgage you’re able to make an application for and how much it’s going to cost you. These calculators can be used for all mortgages such as buy to let mortgages and home mortgages.

Mortgage Comparison Calculator

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