Santander cuts mortgage rates and launches new fixed rates
Santander is introducing a selection of changes to its current mortgage range including the reduction of its two year tracker rates and the introduction of two new two year fixed 80 per cent LTV deals:
Rate reduced by 0.20 per cent on two year tracker at 75 per cent LTV, now 2.69 per cent with £995 fee
Rate reduced by 0.10 per cent on two year tracker at 75 per cent for homebuyers, now 2.69 per cent with £995 fee
All the above come with either our Homebuyer or Remortgage Solution. The Homebuyer Solution offers borrowers the added benefits of a free basic mortgage valuation and £250 cash-back on completion, while the Remortgage Solution offers a free basic mortgage valuation, and either free legal's or £250 cash-back on completion.
New fee free three year tracker launched at 70 per cent LTV with a rate of 3.09 per cent
New two year fixed rate at 80 per cent LTV. Rate at 4.38 per cent with a £995 fee
New two year tracker for homebuyers launched at 85 per cent LTV. Rate at 4.59 per cent with a £495 fee
New two year tracker for remortgage customers launched at 85 per cent LTV. Rate at 4.74 per cent with a 995 fee
In addition the Home of UK Mortgages has also improved its higher LTV offering by adding the
Homebuyer Solution to two of their 90 per cent LTV deals:
Three year fixed for First Time Buyers at 5.99 per cent, 90 per cent LTV and £799 fee
Two year tracker at 4.99 per cent, 90 per cent LTV and £495 fee
Phil Cliff, Director of Santander Mortgages said: "We're pleased to offer our latest range of competitive deals which includes not only another reduction in the rates on offer but also the introduction of the Homebuyers Solution for a selection of our 90 per cent deals. We continue to look at ways to support first time buyers and believe this change will do just that, helping them to manage costs from the outset. 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."