From tomorrow (October 3) Santander will be offering existing mortgage holders who are looking to move house with a range of exclusive new products.
New fixed and tracker products will have rates starting from as low as 2.04 per cent. They include:
-Two year tracker at 2.04 per cent, up to 75 per cent loan-to-value ratio
-Two year fix at 2.49 per cent, up to 80 per cent loan-to-value
-Five year fix at 3.44 per cent, up to 75 per cent loan-to-value
Santander is also reducing its five-year fixed rate Existing Mover Exclusive from 3.79 per cent to 3.59 per cent (up to 80 per cent loan-to-value).
All of the bank’s Existing Mover Exclusive products come with a booking fee of only £995, along with Santander’s Homebuyer Solution offering a free valuation and £250 cashback for those buying a new home.
Santander 1|2|3 current account customers who pay their monthly Santander mortgage payment by direct debit will also receive 1 per cent cashback on maximum monthly mortgage payments of £1,000.
Miguel Sard, head of mortgages at Santander, said: “We are delighted to reward our existing mortgage customers with some of the most competitive deals on the market.
“These new rates, together with our offer of 1 per cent cashback to our 1|2|3 Current Account holders, clearly demonstrate our commitment to supporting our customers, both new and existing, as they make their way up the housing ladder.”
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