Santander launches its lowest ever 2-year fixed remortgage rate

Santander is launching its lowest ever two-year fixed rate, available to remortgagers. Coupled with these new fixed rates, Santander is substantially reducing rates on Help to Buy.

Mortgage guarantee fixed range:

Two year fix at 4.69 per cent (reduced by 0.80%) available up to 95 per cent LTV for homebuyers with no booking fee

Five year fix at 4.99 per cent (reduced by 0.60%) available up to 95 per cent LTV for homebuyers with no booking fee

Both these deals also offer our Homebuyer Free Valuation, further helping customers save on upfront fees. In addition to this, Santander is making reductions to other products within our range:

Two year fix at 2.14 per cent (reduced by 0.15%) with a £995 booking fee, available up to 80 per cent LTV for homebuyers and remortgagers

Five year fix at 3.19% per cent (reduced by 0.25%) with a £995 booking fee, available up to 80 per cent LTV for homebuyers and remortgagers

Two year Tracker at 1.59 per cent (reduced by 0.20%) with a £995 booking fee available up to 75 per cent LTV for homebuyers and remortgagers

Flexible offset Lifetime Tracker at 2.99 per cent (reduced by 0.20%) with a £495 booking fee available up to 75 per cent LTV for homebuyers and remortgagers

Most of these mortgages come with Santander’s Homebuyer Free Valuation for purchase customers. The fixed and 2 year tracker rates come with Remortgage Solution, offering a free valuation and free legals or £250 cashback for those remortgaging.  

In addition, Santander 1|2|3 Current Account customers who pay their monthly Santander mortgage payment by direct debit will receive 1% cashback on maximum monthly mortgage payments of up to £1,000.

Miguel Sard, Head of Santander Mortgages, Santander said: “Our new rates are designed for all mortgage borrowers. We want to support everyone looking to take the next step – whether they are looking to get a foot on the property ladder, remortgage or move to a new home. These products are some of the lowest rates available and we will help customers looking to arrange the best possible deal in 2015.”

For more information on Santander’s mortgage range, visit santander.co.uk.