Santander announces further rate cuts across its fixed rate

Santander is cutting rates on a range of its two, three, four and five year fixed mortgage products by up to 1.10 per cent.

It is also launching a new three-year fix at 70 per cent LTV at 3.19 per cent with NO fee.

Phil Cliff, Director of Santander Mortgages, said: "Providing customers with real value underpins our continued commitment to supporting the UK housing market. As the ‘Home of UK Mortgages', we're always looking at ways in which we can deliver this value to homeowners. Cutting rates on a number of our fixed rate products is one of the ways we can achieve this; helping those homebuyers, whether they are first time buyers, movers or remortgagers, who need the added reassurance that a fixed monthly payment can offer over the short and longer term."