The range will offer free valuation for mortgage purposes (up to £345) and a £250 contribution towards legal fees.
The new mortgages include a 2-year fix at 5.35%; a 5-year fix at 5.45%; a 2-year discount at 4.89%; and a 3-year discount at 4.79%. The arrangement fee is £350 and borrowers will have to put down a 30% deposit.
Ambrose McGinn, director of sales and marketing, Abbey National for Intermediaries, said: “The demand in the market for buy-to-let mortgages over the last 12 months has been incredibly high. However our cautious approach to lending for new business means our buy-to-let approach will focus on those landlords who have already gained equity in their properties and would now like to remortgage to a better deal. This will create a new business stream for Abbey National which will be lower risk than taking on new and first-time landlords.”