Santander cuts mortgages rates again

From today (Thursday 2 December), Santander will reduce a selection of its two and three-year fixed remortgage products by up to 0.16 per cent:

Rate reduced by 0.16 per cent on two-year fix at 75 per cent LTV for remortgagors, now 3.89 per cent with £99 fee

Rate reduced by 0.10 per cent on two-year fix at 70 per cent LTV for remortgagors, now 3.25 per cent with £495 fee

Current Account Exclusive rate reduced by 0.10 per cent on two-year fix at 75 per cent LTV for remortgagors, now 3.85 per cent with NO FEE

Rate reduced by 0.08 per cent on three-year fix at 70 per cent LTV for remortgagors, now 3.79 per cent with £995 fee

All the products come with our Remortgage Solution which offers a free basic mortgage valuation, and either free legals or £250 cashback on completion. The Current Account Exclusive is available to existing Santander Current Account and Investment customers. 

The Home of UK Mortgages is also:

Launching a new three-year fix at 85 per cent exclusively for first-time buyers, with a rate of 5.69 per cent and £495 fee;

Increasing the LTV to 70 per cent - up from 60 per cent - on its two-year fix at 2.99 per cent and £995 fee for all homebuyers

Phil Cliff, Director of Santander Mortgages said: "As the 'Home of UK Mortgages', we want to ensure we offer a range of highly competitive mortgages. As well as cutting rates by up to 0.16 per cent, we have also launched a new exclusive first-time buyer mortgage to support borrowers trying to buy their first home, demonstrating our commitment to supporting the UK housing market."

For more information, visit santander.co.uk.