Santander for Intermediaries (SFI) is launching a new range of zero booking fee remortgage products available exclusively through all Key Accounts, and reducing rates on selected fixed and tracker deals across its range, including Help to Buy, on Monday 16 September.
The range with no booking fees includes the following deals:
- Two-year fix with a rate of 2.44%, available up to 60% LTV to remortgagers only, available exclusively through Key Accounts
- Five-year fix with a rate of 2.99%, available up to 70% LTV to remortgagers only, available exclusively through Key Accounts
The intermediary lender is also making reductions to its standard range, including Help to Buy, on selected Homebuyer and Remortgage Fixed and Tracker rates up to 85% LTV.
For Help to Buy, the range includes:
- Two-year fix with a rate of 3.24%, with no booking fee
- Five-year fix with a rate of 3.44%, with no booking fee
- Two-year tracker with a rate of 3.24%, with no booking fee
The new deals on offer within the standard range include:
- The lifetime tracker product has a new rate of 2.49% with a £495 fee, available up to 75% LTV to homebuyer and remortgagers
- Two-year tracker with a rate of 2.09%, with a £995 fee, available up to 60% LTV to homebuyers and remortgagers
- Two-year tracker with a rate of 2.14%, with a £995 fee, available up to 70% LTV to homebuyers and remortgagers
- Two-year tracker with a rate of 2.69%, with no fee, available up to 70% LTV to homebuyers and remortgagers
- Two-year tracker with a rate of 2.39%, with a £995 fee, available up to 75% LTV to homebuyers and remortgagers
- Two-year tracker with a rate of 2.34%, with a £995 fee, available up to 75% LTV to Santander Existing customers moving home.
- Two-year fix with a rate of 2.04%, with a £995 fee available up to 60% LTV to homebuyers and remortgagers
- Two-year fix with a rate of 2.24%, with a £995 fee, available up to 70% LTV to homebuyers and remortgagers
- Two-year fix with a rate of 2.69%, with no fee, available up to 70% LTV to homebuyers and remortgagers
- Two-year fix with a rate of 3.29%, with no fee, available up to 80% LTV to homebuyers and remortgagers
- Two-year fix with a rate of 3.74%, with no fee, available up to 85% LTV to homebuyers and remortgagers
- Five-year fix with a rate of 3.69%, with no fee , available up to 80% LTV to homebuyers and remortgagers
The products come with either the Homebuyer or Remortgage Solution, with the exception of the lifetime tracker. The Homebuyer Solution offers borrowers 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.
Miguel Sard, managing director of Santander for Intermediaries, said: “We are pleased to support intermediaries and their clients with further rate reductions across our range. In addition, we have launched a new range of market leading zero fee remortgage products, which are available exclusively through our Key Accounts partners. Most of these competitive new products come with the added benefit of our Homebuyer or Remortgage Solution, helping borrowers to save even more money whether they are buying a new home or remortgaging.
“We are committed to supporting intermediaries and their clients with great products, and we expect there to be strong demand for these highly competitive new deals.”
