It has also reduced 2 year fixed rates, with 75% LTVs from 2.25% and a 90% LTV at 3.65% (3.55% loyalty rate).
Other rate change highlights include:
- Extending 60% LTV first time buyer only fixed rate exclusives to all buyers:
- 2 Year Fixed 1.39% with a £1495 booking fee, remortgage and purchase (£250k minimum loan)
- 5 Year Fixed 2.19% with a £1495 booking fee, remortgage and purchase (£250k minimum loan)
Miguel Sard, Managing Director of Mortgages, Santander UK said:
“Getting a foot on the property ladder can be tough for first time buyers, so we hope these two new competitively priced products, designed exclusively for them will help.
“Along with introducing these two new products for first time buyers, we are also extending last week’s 60% LTV first time buyer only fixed rate exclusive to the rest of the market, delivering customers with a larger deposit more choice and great value.”
