Santander launches 5 year fixed rate mortgage at 85%

Santander, the ‘Home of UK Mortgages' is this week launching a new market leading 5 year fixed at 85 per cent LTV with a 5.69 per cent rate - ideal for first time buyers and movers alike.

Santander is also:

Reducing the rates on a number of its 2 year fixed products at 70 per cent and 75 per cent LTV by up to 0.2 per cent

Adding its popular Homebuyers solution to its 2 year fixed at 60 per cent LTV with a 3.39 per cent rate to help customers with moving costs

The Homebuyer Solution offers borrowers the added benefits of a free basic mortgage valuation and £250 cash-back on completion.

And for first time buyers and movers with small deposits, Santander is still offering its market leading 2 year fixed at 90 per cent LTV with a 5.55% and 3 year fixed at 90 per cent LTV with a 5.99 per cent rate. While for those customers looking to move their mortgage, Santander's new track & fix feature is available on its remortgage tracker products up to 75% LTV.