Santander launches new mortgage deals and cuts rates
Santander has launched a number of highly competitive new mortgages to support borrowers. It has also reduced rates again on a selection of deals for homebuyers and remortgagers.
The new products are:
Two-year tracker with a rate of 2.99 per cent and no fee, available up to 70 per cent LTV to remortgagers
Two-year fix with a rate of 3.29 per cent and a £495 fee, available up to 60 per cent LTV to homebuyers with a maximum loan size of £550K
Two-year tracker with a rate of 3.99 per cent and a £995 fee, available up to 85 per cent LTV to homebuyers
Two-year tracker with a rate of 4.19 per cent and a £995 fee, available up to 85 per cent LTV to remortgagers
Three-year fix with a rate of 4.99 per cent and a £995 fee, available up to 85 per cent LTV to homebuyers
All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.
Santander has reduced rates on a number of products across its range, including:
Rate reduced by 0.10 per cent on two-year tracker at 70 per cent LTV, available exclusively to remortgagers with a Santander Current Account, now 2.49 per cent with a £745 fee
Rate reduced by 0.10 per cent on two-year tracker at 70 per cent LTV for remortgagers, now 2.49 per cent with a £995 fee
Rate reduced by 0.10 per cent on two-year fix at 60 per cent LTV for remortgagers, now 3.29 per cent with a £495 fee
Rate reduced by 0.05 per cent on two-year tracker at 70 per cent LTV, available exclusively to homebuyers with a Santander Current Account, now 2.44 per cent with a £745 fee
Rate reduced by 0.05 per cent on two-year tracker at 70 per cent LTV for homebuyers, now 2.44 per cent with a £995 fee
All of the above products also come with either the Homebuyer or Remortgage Solution.
Phil Cliff, Director of Santander Mortgages, said: "As the ‘Home of UK Mortgages', we are committed to supporting borrowers and we expect these fantastic new products to be well received by homebuyers and remortgagers alike. We have also reduced rates again, making our range of mortgages even more attractive to borrowers looking for a great deal."