Santander reduces mortgage fees by £200

Santander has reduced fees on a selection of its two and five year fixed and tracker products by £200.

Two-year fix at 70 per cent LTV at 2.99 per cent with £795 fee, reduced from £995

Two-year tracker at 75 per cent LTV at 2.79 per cent with £795 fee, reduced from £995

Five-year fix at 75 per cent LTV for Loyal Movers at 4.59 per cent with £795 fee, reduced from £995

All products come with the Homebuyer Solution which offers borrowers the added benefits of a free basic mortgage valuation and £250 cashback on completion. 

Phil Cliff, Director of Santander Mortgages said: "As the ‘Home of UK Mortgages' we're always looking at ways we can help homebuyers. Moving home often results in additional expenses. Our new initiative of reducing fees on selected products by £200 will hopefully come as welcome news to those homebuyers looking to save money as they face the new VAT hikes."