Santander cuts mortgage rates by up to 0.20%

Santander has reduced rates on a number of its key products for new business homebuyer and remortgage deals. It will also launch a new 3.19% 5yr fixed at 60% LTV for all homebuyers and remortgagers. 

The product changes include:

Market leading 70% 2yr fixed with rates down by 0.20% to 2.79% with £995 fee - available with either Homebuyer or Remortgage Solution

70% 2yr tracker with rates down by 0.20% to 2.79% with £995 fee - available with either Homebuyer or Remortgage Solution

70% 2yr fixed with rates down by 0.10% to 3.29% with NO fee - available with either Homebuyer or Remortgage Solution

75% 2yr fixed at 3.59% with fee reduced from £995 to £495 for a limited time only - available with either Homebuyer or Remortgage Solution

85% 3yr fixed with rates down by 0.10% to 4.79% with £995 fee - available with Homebuyer Solution

85% 3yr fixed First Time Buyer with rates down by 0.10% to 4.79% with £99 fee  - available with Homebuyer Solution

85% 5yr fixed with rates down by 0.10% to 4.79% with £995 fee - available with Homebuyer or Remortgage Solution

NEW 60% 5yr fixed at 3.19% with £1,495 fee - available with Homebuyer or Remortgage Solution

Phil Cliff, Director of Santander Mortgages, said: "As a major UK lender, we strive to offer homebuyers, both those looking to move home or remortgage, with competitive products and low rates. Our new 2 year fixed at 2.79% and 70% LTV is market leading whilst our competitive new 3.19% 5yr at 60% LTV is available to all homebuyers and remortgagers. We're always looking to help customers get on or move up the property ladder and these rates cuts demonstrate our continued commitment to the mortgage market."

For more information, visit santander.co.uk.