Santander launches new first time buyer deal and cuts rates

Santander has cut rates on selected mortgage products fixed for 2, 3 and 5 years, and launched a new, very competitive first time buyer (FTB) mortgage with great benefits.
 
Highlights include:

2-year fix at 75 per cent LTV now 2.84 per cent - £995 fee
2-year fix at 75 per cent LTV now 3.49 per cent - no fee
3-year fix at 70 per cent LTV now 2.64 per cent - £995 fee
3-year fix at 70 per cent LTV now 3.29 per cent - no fee
5-year fix at 75 per cent LTV now 3.39 per cent - £995 fee
5-year fix at 75 per cent LTV now 3.79 per cent - no fee

All the above are available to homebuyers and remortgagors.
 
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.
 
Phil Cliff, Director of Santander Mortgages, said: "These fantastic 5-year fixed rates available with a 25% deposit provide great options for customers looking to fix their mortgage payments for the longer-term and insulate themselves against potential future rate rises.
 
"The new FTB product again underlines our commitment to first time buyers, who are the lynch-pin of the housing market.  It was good to see this week's announcement from the Council of Mortgage Lenders that first time buyers are now getting onto the housing ladder in the greatest numbers since Q4, 2009 but they still need our support with tailored products."
 
For more information on the new lowest mortgage rate, visit santander.co.uk.