Santander has launched new two year and three year fixed products for homebuyers and those remortgaging.
The new two year fixed 60 per cent LTV remortgage deal has a rate of 3.39 per cent and booking fee of £495 while the second new two year fixed 60 per cent deal has a rate of 3.19 per cent and £945 fee – and is available for those remortgaging and homebuyers.
The new two year fixed at 75 per cent and 3.49 per cent with £945 fee and the new three year fixed at 70 per cent LTV and 3.89 per cent and £995 fee are ideal for those looking to buy.
Santander is also launching a new two year fixed at 90 per cent LTV with a 5.79 per cent rate and £99 upfront fee.
All come with Santander’s Homebuyer or Remortgage Solution. The Homebuyer Solution offers a free basic mortgage valuation and £250 cash-back on completion while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cash-back on completion.
Santander is also making reductions across the range:
- Rate reduced by 0.30 per cent on two-year fix at 85 per cent LTV for remortgagers, now 4.99 per cent with a £995 fee
- Rate reduced by 0.30 per cent on three-year fix at 70 per cent LTV for homebuyers and remortgagers, now 3.89 per cent with a £995 fee
- Rate reduced by 0.10 per cent on two-year fix at 75 per cent LTV for homebuyers and remortgagers, now 3.99 per cent with NO fee (previously £99)
- Rate reduced by 0.20 per cent on two-year fix at 85 per cent LTV exclusively for first-time buyers, now 4.79 per cent with a £495 fee
- Rate reduced by 0.10 per cent on two-year tracker at 70 per cent LTV for homebuyers, now 2.49 per cent with £995 fee
- Rate reduced by 0.10 per cent on three-year fix at 75 per cent LTV for homebuyers and remortgagers, now 4.39 per cent with fee reduced by £500 to £495
Phil Cliff, director of Santander Mortgages said: “As the ‘Home of UK Mortgages’, our aim is to get Britain moving with a range of competitive products to suit the needs of all homebuyers. Our new two and three year fixed are perfect for homemovers while our latest 90 per cent LTV offers a great opportunity for first time buyers to step on to the property ladder. This latest range of product launches and rates are just a selection of what we currently offer first time buyers, movers and remortgagors alike – helping them to get the home they want and can afford.”
