Santander cuts mortgage rates by up to 0.20%

From Tuesday 21 December, Santander will reduce a selection of its two and three year fixed and tracker products by up to 0.20 per cent:

Rate reduced by 0.20 per cent on two-year tracker at 70 per cent LTV for homebuyers, now 2.85 per cent with £99 fee

Rate reduced by 0.20 per cent on two-year fix at 75 per cent LTV for homebuyers, now 3.39 per cent with £995 fee

Rate reduced by 0.04 per cent on three-year fix at 75 per cent LTV, now 4.15 per cent with £995 fee

Rate reduced by 0.01 per cent on two-year tracker at 70 per cent LTV, now 2.49 per cent with £995 fee

The Home of UK Mortgages is also rewarding customer loyalty and offering its Homebuyer and Remortgage Solutions with all its Current Account Exclusive products. 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 Current Account Exclusive range is available to existing Santander Current Account and Investment customers. 

Phil Cliff, Director of Santander Mortgages said: "Whether they're looking to remortgage or purchase a house, we have some extremely competitive product deals. As well as cutting rates by up to 0.20 per cent, we are also rewarding customer loyalty by extending our Homebuyer and Remortgage Solutions to all products in the Current Account Exclusive 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, demonstrating our ongoing support of the UK housing market."