- 2.99% 2yr fixed and 2year tracker at 70% LTV launched
- Over 30 new or reduced products at 70% - 90% LTV
- Support for First Time Buyer market with new 5.69% deal at 90% LTV
In addition, we have increased our 60% LTV band to 70% for the majority of direct products and will align the rates for new business homebuyer and remortgage deals. Some of the key product changes are:
- 90% 2yr fixed First Time Buyer launched at 5.69% with a fee of £495 including the Homebuyer Solution (free standard mortgage valuation and £250 cashback on completion)
- 80% 2yr fixed launched at 3.89% with £995 fee and Homebuyer or Remortgage Solution
- 70% 2yr fixed and 2yr tracker at 2.99% launched with £995 fee
- 70% 3yr fixed reduced by up to 0.35% to 3.89% no fee or 3.59% £995 fee
Phil Cliff, Director of Santander Mortgages, said:
"This is good news all round for mortgage borrowers, whether they are looking to move home or remortgage. By reducing rates and increasing LTVs, we are doing our bit to help customers in tough market conditions. These new products are some of the lowest rates available from one of the major lenders in the UK."
