In particular, two, four and five-year fixed products are reducing by up to 0.24 per cent. The new range includes:
Two-year fixed reduced to 2.75 per cent (previously 2.85 per cent) and up to 60 per cent LTV with £1995 fee available to all borrowers
Four-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 75 per cent LTV with £995 fee including the Homebuyer Solution (free basic valuation and £250 cashback on completion)
Five-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 70 per cent LTV with £995 fee including the Homebuyer Solution (free valuation and £250 cashback on completion)
Santander is also introducing some new fixed and tracker products:
Two-year fixed at 3.90 per cent and up to 75 per cent LTV and no fee including the Homebuyer Solution
Two-year tracker at 3.09 per cent and up to 70 per cent LTV with NO fee including the Homebuyer Solution
A Santander spokesperson said: “It’s great news for borrowers that rates are coming down on fixed deals. Whether they’re looking to remortgage or purchase a house, we have some extremely competitive deals in our range. As the ‘Home of UK mortgages’, we want to ensure we can provide customers with a good variety of products to suit their needs.”
