High street bank Santander has reduced rates across a number of its mortgage products.
From today (21 September), a 70 per cent 2-year fixed with rates is down 0.2 percentage points to 2.79 per cent, with a £995 fee – available with either Homebuyer or Remortgage Solution.
Elsewhere, a 70 per cent 2-year tracker with rates is also down 0.2 percentage points to 2.79 per cent, with a £995 fee – available with either Homebuyer or Remortgage Solution and a 70 per cent 2-year fixed with rates is down 0.1 percentage points to 3.29 per cent. This product has no fee and is available with either Homebuyer or Remortgage Solution.
Other changes include a 75 per cent 2-year fixed at 3.59 per cent with the fee reduced from £995 to £495 for a limited time only, and 85 per cent 3-year fixed with rates is down by 0.1 percentage points to 4.79 per cent with a £995 fee and an 85 per cent 5-year fixed with rates is down by 0.1 percentage points to 4.79 percent with a £995 fee.
Santander has also launched a new product of those with a 40 per cent deposit – a 5-year fixed at 3.19 per cent with a £1,495 fee – available with Homebuyer or Remortgage Solution.
Director of mortgages Phil Cliff said: “As a major UK lender, we strive to offer homebuyers, both those looking to move home or remortgage, with competitive products and low rates.
“Our new 2-year fixed at 2.79 per cent and 70 per cent LTV is market leading whilst our competitive new 3.19 per cent 5-year at 60 per cent LTV is available to all homebuyers and remortgagers.
“We’re always looking to help customers get on or move up the property ladder and these rates cuts demonstrate our continued commitment to the mortgage market.”
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