Santander reduces mortgage rates and launches new deals for borrowers

Santander is cutting rates by up to 0.25% across its residential mortgage range, to support homebuyers and remortgagers looking for a great fixed or tracker rate this autumn.

The lender has reduced rates by up to 0.25% across its fixed rate and tracker range, with the new rates on offer to both homebuyers and remortgagers including:

Two-year fix at 2.25% with a £995 fee, available up to 60% LTV

Two-year fix at 2.39% with a £995 fee, available up to 70% LTV

Two-year fix at 3.39% with a £495 fee, available up to 85% LTV

Five-year fix at 3.29% with a £995 fee, available up to 70% LTV

Two-year tracker at 2.04% (BBR+1.54%) with a £995 fee, available up to 70% LTV

Two-year tracker at 3.54% (BBR+3.04%) with no fee, available up to 85% LTV

Santander has also launched a new five-year fix with a rate of 3.49% and no fee, which is available up to 70% LTV to both homebuyers and remortgagers.  

In addition, the lender has enhanced its range of exclusive mortgages for customers with a Santander current account, including the launch of a new two-year fix for loyal customers, offering a highly competitive rate of 2.74% and a £995 fee, available up to 80% LTV.  

Miguel Sard, Head of Mortgages at Santander, said: “We’re pleased to support homebuyers and remortgagers with reductions across our mortgage range and the launch of some great new deals. The autumn housing market is traditionally buoyant and the enhancements we’ve made to our mortgages make them even more competitive for customers buying a new home or remortgaging.”