Santander launches new tracker mortgages

Santander, the ‘Home of UK Mortgages', is launching a highly competitive 70 per cent LTV, two-year tracker with a £495 fee to support its direct advertising campaign to current account customers. In addition, Santander is also releasing a 60 per cent LTV, two-year fixed, plus a range of 75 per cent LTV, two-year fixed and tracker mortgage products aimed at borrowers looking for larger loans sizes providing even more value-for-money deals during the campaign period.

The new range of products includes:

Two year tracker Homebuyer and Remortgage products, 70 per cent LTV, at 2.39 per cent, with a £495 fee for Santander current account customers only (maximum £250k )

A Best Buy, two year fixed rate, 60 per cent LTV, at 2.90% with a £1,995 fee (maximum £250k)  

Two year fixed rate Homebuyer and Remortgage products, 75 per cent LTV, at 3.55 per cent, with a £1,995 fee (minimum £550k - maximum £750k)

Two year tracker Homebuyer and Remortgage products, 75 per cent LTV, at 2.70 per cent, with a £1,995 fee (minimum £550k - maximum £750k)

Phil Cliff, Mortgage Director for Santander said:  "We started the year with great rates and an excellent choice of products and this is set to continue as we enter the second half of 2010 and launch our new national advertising campaign with a fantastic low tracker 2.39% deal for our existing current account customers at 70% LTV. And when you consider this comes with Remo or Homebuyer solution, as well as a low £495 fee, this really is an excellent deal. Of course, Santander continues to offer a range of competitive mortgage deals for new customers as well as existing customers."