Santander cuts mortgage rates for existing current account holders

Santander is reducing the rates on a number of exclusive mortgages available to existing current account holders. 

Following on from last week’s announcement of a £500 discount off the standard £995 booking fee, Santander now offers its existing current account holders some of the most competitive fixed rate deals on the market.

Starting from as low as 2.15%, and all with a booking fee of only £495, these include:

Two year fix at 2.15% (down from 2.39%), up to 70% LTV (Remortgage/Purchase)

Two year fix at 2.30% (down from 2.55%), up to 75% LTV (Remortgage/Purchase)

Two year fix at 2.59% (down from 2.79%), up to 80% LTV (Purchase only)

Two year fix at 2.99% (down from 3.19%), up to 85% LTV (Purchase only)

Five year fix at 2.99% (down from 3.29%), up to 70% LTV (Remortgage/Purchase)

All current account exclusive products come with Santander’s unique Homebuyer or Remortgage Solutions, offering a free valuation and £250 cashback for those buying a new home, and a free valuation and £250 cashback or free legals for those re-mortgaging.  

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 £1,000.

Miguel Sard, Head of Mortgages at Santander, said: “Together with the recent reduction in booking fees and the continued benefit of 1% cashback to our 1|2|3 Current Account holders, these substantial rate cuts represent a truly outstanding deal for our existing current account customers who would like the security of a fixed rate.”

For more information, visit santander.co.uk.