Santander offers new two year fixed rate mortgage

Santander is launching a new market leading two-year remortgage rate, demonstrating its continued support for the UK housing market.

The new two-year fix offers a rate of 3.55 per cent with NO fee, available up to 75 per cent LTV exclusively for remortgagors.

The lender is also reducing rates on its Flexi Homebuyer and Remortgage products including:

Rate reduced by up to 0.15 per cent at 75 per cent LTV for homebuyers, now 3.29 per cent with a £995 fee

Rate reduced by up to 0.25 per cent at 75 per cent LTV for remortgagors, now 3.29 per cent with a £995 fee

All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Phil Cliff, Director of Santander Mortgages, said: ""As the ‘Home of UK Mortgages', we understand the challenges faced by today's homeowners and are committed to supporting borrowers across the UK. This latest market leading two-year fix product should be well received by those looking to remortgage. We have also reduced rates on our Flexi Offset products, making the range even more attractive to borrowers looking for a great deal."