Santander has unveiled its lowest ever two-year fixed rate, available to remortgagers.
The lender is also reducing Help to Buy rates.
Mortgage guarantee fixed range:
- Two year fix at 4.69% (reduced by 0.80 percentage points) available up to 95% LTV for homebuyers with no booking fee
- Five year fix at 4.99% (reduced by 0.60 percentage points) available up to 95% LTV for homebuyers with no booking fee
Both these deals also offer Santander’s Homebuyer Free Valuation.
In addition, Santander is making reductions to other products within its range:
- Two year fix at 2.14% (reduced by 0.15 percentage points) with a £995 booking fee, available up to 80% LTV for homebuyers and remortgagers
- Five year fix at 3.19%% (reduced by 0.25 percentage points) with a £995 booking fee, available up to 80% LTV for homebuyers and remortgagers
- Two year Tracker at 1.59% (reduced by 0.20 percentage points) with a £995 booking fee available up to 75% LTV for homebuyers and remortgagers
- Flexible offset Lifetime Tracker at 2.99% (reduced by 0.20 percentage points) with a £495 booking fee available up to 75% LTV for homebuyers and remortgagers
Most of these mortgages come with Santander’s Homebuyer Free Valuation for purchase customers. The fixed and two-year tracker rates come with Remortgage Solution, offering a free valuation and free legals or £250 cashback for those remortgaging.
In addition, Santander 1|2|3 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, head of Santander Mortgages, Santander said: “Our new rates are designed for all mortgage borrowers. We want to support everyone looking to take the next step – whether they are looking to get a foot on the property ladder, remortgage or move to a new home.
“These products are some of the lowest rates available and we will help customers looking to arrange the best possible deal in 2015.”