"I am very pleased to announce our lowest ever short term fixed rate mortgage."
In addition, Santander has added £250 cashback to its lowest ever 60% LTV five-year fix at 1.89% with a £999 product fee, available on purchase and remortgage.
The Bank has also reduced the rate on its first-time buyer exclusive 90% LTV two-year fix to 2.24%.
Alongside this, Santander for Intermediaries has launched new Help to Buy: equity loan rates at 75% LTV, including a two-year fix at 1.54% with a £999 product fee.
2.5 year fixed rates are also available at 1.64% with a £999 product fee or 2.04% with no fee.
Miguel Sard, Managing Director of Mortgages at Santander, said: “I am very pleased to announce our lowest ever short term fixed rate mortgage. We appreciate that in todays interest rate environment, some customers like to lock into a rate and value knowing the certainty of their monthly re-payments.
“This new rate completes our competitive range of fixed rate products, built to offer customers greater choice. These products are designed to support all segments of the market, whether customers are looking to get a foot on or move up the housing ladder.”
