Santander cuts mortgage rates again
From today, Friday 19 November, Santander will reduce rates again by up to 0.20 per cent on a selection of its fixed and tracker products as follows:
Two-year fixed rate:
Rate reduced by 0.10 per cent on two-year fix at 70 per cent LTV exclusively for Current Account remortgagers, now 2.99 per cent with £995 fee
Rate reduced by 0.10 per cent on two-year fix at 70 per cent LTV for remortgagers, now 3.09 per cent with £995 fee
Rate reduced by 0.10 per cent on two-year fix at 70 per cent LTV for remortgagers, now 3.35 per cent with £495 fee
Rate reduced by 0.14 per cent on two-year fix at 70 per cent LTV for Current Account remortgagers, now 3.95 per cent with ZERO fee
Rate reduced by 0.10 per cent on two-year fix at 75 per cent LTV for remortgagers, now 4.05 per cent with £99 fee
Three-year fixed rate:
Rate reduced by 0.12 per cent on three-year fix at 70 per cent LTV for remortgagers, now a market-leading 3.87 per cent with £995 fee
Rate reduced by 0.10 per cent on three-year fix at 75 per cent LTV for homebuyers, now 4.19 per cent with £995 fee
Five-year fixed rate:
Rate reduced by 0.20 per cent on five-year fix at 70 per cent LTV for remortgagers, now a market-leading 4.49 per cent with £995 fee
Rate reduced by 0.20 per cent on five-year fix at 75 per cent LTV for remortgagers, now a market-leading 4.79 per cent with £995 fee
The Home of UK Mortgagers has also reduced the rate by 0.05 per cent on its two-year tracker at 70 per cent LTV for homebuyers, now 2.50 per cent with £995 fee. It has also reduced fees on its 75 per cent LTV Flexi products for both homebuyers and remortgagers, now £1,250 - down £255 - for the homebuyer at 3.44 per cent and £1,495, reduced by £500, for the remortgager product at 3.54 per cent.
All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of a free basic mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free basic mortgage valuation, and either free legals or £250 cashback on completion.
The lender has also launched a new five-year fix at 75 per cent for Loyal Movers, with a highly competitive rate of 4.59 per cent and a £995 fee. And existing Current Account customers can still take advantage of its recently launched competitive two-year tracker 60 per cent LTV at 2.09 per cent with a £995 fee available exclusively to Santander Current Account customers who have held the account for at least 3 months.
Phil Cliff, Director of Santander Mortgages said: "As the 'Home of UK Mortgages', we are committed to offering a range of highly competitive mortgages to meet the needs of both homebuyers and remortgagers, and are pleased to be able to support customers with our latest rate cuts - ideal for those looking for the security of a great fixed rate deal or the flexibility of a tracker."
"Plus our latest competitive tracker product rewards existing Current Account customers with a great rate and ensures that existing Santander Current Account customers - or those who have recently switched and are looking to remortgage - can make the most of this opportunity and get a great product."
For more information, visit santander.co.uk.