Santander: Important Lending Criteria Changes


Buy To Let ​Lending Criteria Changes from Monday 15th April 

Article date: 15/04/2019

From Monday 15 April 2019, we’re making some important lending criteria changes for residential and Buy to Let applications. 

The table below shows the changes we're making:


CurrentFrom Monday 15 April
Maximum term25 years40 years
Maximum age at maturity75th birthday85th birthday

We're also updating the Buy to Let self-financing calculation which will run in the background.

Our Buy to Let calculator will be updated to support these changes.

All full mortgage applications (FMAs) already submitted on Introducer Internet by 9pm on Saturday 13 April won't be affected and will continue to be progressed on our existing residential and Buy to Let lending policies.

Any FMAs submitted from 6am on Monday 15 April, or where a material change is made to an FMA originally submitted before 9pm on Saturday 13 April, will be assessed using the new residential and Buy to Let lending policies.