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Santander launches market-leading ten year fix

16th December 2014 Print

Santander is celebrating this holiday season by launching its lowest ever ten year fixed rate mortgage.

As part of its commitment to giving customers the widest possible choice of borrowing options, this product will be available at a market-leading rate of 3.44% up to 60% LTV, with a £995 fee.

In addition, Santander has made further reductions to selected three and five year fixes, and is now offering some of the most competitive short, medium and long-term deals in the market. Available in branches, over the telephone and via intermediaries, the new rates are:

Three year fix at 2.54% (reduced by 0.15%), available up to 70% LTV for homebuyers and  remortgagers with a £995 fee

Five year fix at 4.45% (reduced by 0.54%), available up to 90% LTV for homebuyers   This product has no booking fee.

Remortgagers can also continue to take advantage of Santander’s lowest ever two-year remortgage fixed rate, at 1.84% available up to 60% LTV with a £995 booking fee.

As a further bonus, 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, Managing Director of Mortgages at Santander UK said: “With the launch of our new ten year fix we are widening our range of mortgage options on offer. Whether you want the security of a ten year fix, or simply the reassurance of a shorter - term deal, we are currently offering some of the lowest fixed rates on the market.”

For more information on Santander’s mortgage range, visit