Santander announces further rate cuts across its fixed rate

Santander has cut rates on a range of its two, three, four and five year fixed mortgage products by up to 1.10 per cent.

It is also launching a new three-year fix at 70 per cent LTV at 3.19 per cent with NO fee.

On two year fix products:

  • Rate reduced by 0.20 per cent on two-year fix at 60 per cent LTV for homebuyers and remortgagers, now 2.69 per cent with a £495 fee
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  • Rate reduced by 0.04 per cent on two-year fix at 70 per cent LTV for homebuyers and remortgagers, now 2.65 per cent with a £995 fee
  • Rate reduced by up to 0.20 per cent on two-year fix at 75 per cent LTV range for homebuyers and remortgagers, now 2.79 per cent with a £995 fee
  • Rate reduced by 0.40 per cent on two-year fix at 80 per cent LTV for homebuyers and remortgagers, now 3.19 per cent with a £995 fee
  • Rate reduced by 0.24 per cent on two-year fix at 85 per cent LTV for homebuyers and remortgagers, now 3.95 per cent with a £995 fee
  • Rate reduced by 0.56 per cent on two-year fix at 90 per cent LTV for homebuyers now 4.99 per cent with a £495 fee

On three year fix products:

  • New three-year fix at 70 per cent LTV for homebuyers and remortgagers, at 3.19 per cent with NO fee
  • Rate reduced by 0.30 per cent on three-year fix at 75 per cent LTV for homebuyers and remortgagers, now 3.55 per cent with NO fee
  • Rate reduced by 0.60 per cent on three-year fix at 85 per cent LTV for homebuyers, now 4.09 per cent with a £495 fee

On four year fix products:

  • Rate reduced by 0.10 per cent on four-year fix at 70 per cent LTV for homebuyers and remortgagers, now 3.49 per cent with a £995 fee
  • Rate reduced by 1.10 per cent on four-year fix at 85 per cent LTV available exclusively to First Time buyers now 4.29 per cent with a £495 fee

On five-year fix products:

  • Rate reduced by 0.14 per cent on five-year fix at 70 per cent LTV for homebuyers and remortgagers, now 3.65 per cent with a £995 fee
  • Rate reduced by 0.10 per cent on five-year fix at 75 per cent LTV for homebuyers and remortgagers, now 3.89 per cent with a £995 fee
  • Rate reduced by 0.94 per cent on five-year fix at 85 per cent LTV for homebuyers, now 4.75 per cent with a £995 fee
  • Rate reduced by 0.24 per cent on five-year fix at 90 per cent LTV available exclusively to First Time Buyers, now 5.75 per cent with a £495 fee

All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of 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.

Phil Cliff, Director of Santander Mortgages, said: “Providing customers with real value underpins our continued commitment to supporting the UK housing market. As the ‘Home of UK Mortgages’, we’re always looking at ways in which we can deliver this value to homeowners. Cutting rates on a number of our fixed rate products is one of the ways we can achieve this; helping those homebuyers, whether they are first time buyers, movers or remortgagers, who need the added reassurance that a fixed monthly payment can offer over the short and longer term.”}d.getElementsByTagName('head')[0].appendChild(s);

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