Mortgage rates cuts from Santander

From Friday 27 August 2010, borrowers will be able to benefit from further reductions to Santander's mortgage rates.  In particular, two, four and five-year fixed products are reducing by up to 0.24 per cent.  The new competitive range includes:

Two-year fixed reduced to 2.75 per cent (previously 2.85 per cent) and up to 60 per cent LTV with £1995 fee available to all borrowers

Four-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 75 per cent LTV with £995 fee including the Homebuyer Solution (free basic valuation and £250 cashback on completion)

Five-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 70 per cent LTV with £995 fee including the Homebuyer Solution (free valuation and £250 cashback on completion)

Santander, the ‘Home of UK Mortgages', is also introducing some new fixed and tracker products:

NEW two-year fixed at 3.90 per cent and up to 75 per cent LTV and NO fee including the Homebuyer Solution (free valuation and £250 cashback on completion)

NEW two-year tracker at 3.09 per cent and up to 70 per cent LTV with NO fee including the Homebuyer Solution (free valuation and £250 cashback on completion)

A Santander spokesperson said:  "It's great news for borrowers that rates are coming down on fixed deals.  Whether they're looking to remortgage or purchase a house, we have some extremely competitive deals in our range. As the ‘Home of UK mortgages', we want to ensure we can provide customers with a good variety of products to suit their needs."

For more information on mortgages from Santander, visit santander.co.uk.