Santander has launched an 18-month fixed rate mortgage at 0.99% with a 60% loan-to-value and a £1,499 product fee.
In addition, Santander has added a £250 cashback to its 60% five-year fixed rate at 1.89% with a £999 product fee, available on purchase and remortgage.
Santander has also reduced the rate on its 90% LTV two-year fix to 2.24%. It has a £999 product fee.
Alongside this, Santander for Intermediaries has new rates across its range of Help to Buy equity loan products.
It is offering a 75% LTV two-year fix at 1.54% with a £999 product fee.
There is also a 75% LTV 2.5-year fix at 1.64% with a £999 product fee and a 75% LTV 2.5-year fix at 2.04% with a zero product fee
In addition, Santander 123 Current Account customers who pay their monthly Santander mortgage payment by direct debit will receive 1% cashback on maximum monthly mortgage payments of up to £1,000.
Miguel Sard, managing director of mortgages at Santander, said: “I am very pleased to announce our lowest ever short term fixed rate mortgage. We appreciate that in today’s interest rate environment, some customers like to lock into a rate and value knowing the certainty of their monthly re-payments.
“This new rate completes our competitive range of fixed rate products, built to offer customers greater choice. These products are designed to support all segments of the market, whether customers are looking to get a foot on or move up the housing ladder.”
In addition, Santander 123 Current Account customers who pay their monthly Santander mortgage payment by direct debit will receive 1% cashback on maximum monthly mortgage payments of up to £1,000
