The competitive products, a tracker at 2.19 per cent and a fixed at 2.99 per cent, both come with a £995 fee. The fixed rate product has a completion deadline of 31 January 2011.
The Home of UK Mortgages is also reducing rates again on a selection of its fixed and tracker rate products as follows:
Tracker products
- Rate reduced by 0.35 per cent on two-year tracker at 70 per cent LTV now 2.55 per cent with £995 fee.
- Rate reduced by 0.16 per cent on two-year tracker at 75 per cent LTV for now 2.89 per cent with £995 fee.
Fixed products
- Rate reduced by 0.18 per cent on two-year fixed at 75 per cent LTV for remortgagors, now 4.19 per cent and NO fee.
- Rate reduced by 0.29 per cent on two-year fixed at 70 per cent LTV for remortgagors, now 3.19 per cent with £995 fee.
- Rate reduced by 0.1 per cent on two-year fixed for loyal current account customers at 70 per cent LTV for remortgagors, now 3.09 per cent with £995 fee.
- Rate reduced by 0.23 per cent on two-year fixed at 75 per cent LTV for remortgagors, now 3.55 per cent with £995 fee.
All products come with the Remortgage Solution which provides a free basic property valuation up to the value of £2.5m, and arrangement and payment for basic legal work involved in transferring the mortgage.
Santander has also added two new products to its University range, available exclusively through Santander University branches; a new two-year Core tracker at 60 per cent LTV at 2.49 per cent and £995 fee and a new two-year fixed at 80 per cent LTV for homebuyers, at 4.59 per cent with £995 fee.
A spokesperson for Mortgages at Santander said:
"Our new 60 per cent LTV products offers remortgage customers very competitive rates. However, those wanting to take advantage of the fixed rate deal must hurry as it requires completion of the mortgage by 31 January 2011.
"In addition to the above and, as the ‘Home of UK mortgages', we want to provide a range of products to suit customers needs. Rewarding loyalty is also a priority and our latest rate cuts demonstrate our commitment to providing great products for both homebuyers and remortgagors, be they new or existing customers."
