An exclusive two-year fixed rate product has been launched by Santander to mark the launch of its new brand.
The product has a rate of 2.39 per cent and a fee of £995 and is available up to 75 per cent LTV to both homebuyers and remortgagers exclusively through all Key Accounts from the brand, now titled Santander for Intermediaries (SFI).
The product, which has a maximum loan size of £1 million, comes with the added benefit of either the Homebuyer or Remortgage Solution. The Homebuyer Solution offers borrowers 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.
Miguel Sard, Managing Director of Abbey for Intermediaries, said: “We are very pleased to launch this market leading product to support homebuyers and remortgagers. The product launch coincides with the launch of our new brand, Santander for Intermediaries and we expect this fantastic deal, which is available exclusively through our Key Account partners, to be highly sought after.”
Earlier this week, Santander brought all its intermediary product brands together under a new umbrella brand of Santander for Intermediaries, offering Abbey mortgages, Cater Allen Private Bank banking and cash management products, Santander General Insurance, and the intermediary referral platform for Santander Current Accounts.