The range includes:
- New Best Buy two year fixed at 90 per cent LTV at 5.55 per cent and £499 upfront fee
- New competitive three year fixed at 90 per cent LTV at 5.99 per cent and £499 upfront fee
These come with Santander's Homebuyer Solution offering the added benefits of a free standard mortgage valuation and £250 cash-back on completion - ideal for first time buyers taking those first steps on to the property ladder.
In addition, Santander is also increasing the maximum loan size on its two year 75 per cent LTV fixed rates to £1 million - up from £550,000 - allowing more homeowners to benefit.
Plus it's launching a new two year fixed at 60 per cent LTV with a market leading low rate of 2.99 per cent and £1250 fee, helping new mortgage customers who are looking to purchase or move their mortgage to Santander keep repayments low.
And for those looking to remortgage but keen to benefit from low interest rates, Santander has, for a limited period, introduced new ‘Track and fix' options on ALL its two and three year 60 per cent LTV, 70 per cent LTV and 75 per cent LTV Remortgage tracker products.
This option allows homeowners to take advantage of lower monthly mortgage payments whilst interest rates remain low, but still have the peace of mind that they can switch to a fixed rate in the future.
These products all come with Santander's Remortgage Solution which offers a free standard mortgage valuation, and either free legals or £250 cash-back on completion.
Phil Cliff, Director of Santander Mortgages said:
"As the ‘Home of UK Mortgages' we are committed to ensuring homeowners are able to get the right mortgage for their needs - whether they are first time buyers or those looking to move. Our new Best Buy two and competitive three year fixed 90 per cent LTV products offer value-for-money and are ideal for first time buyers.
"While the introduction of new ‘Track and fix' options on our 60, 70 and 75 per cent LTV remortgage trackers should provide some welcome assurance to those looking to make the most of low interest rates yet who require the added security of switching to a fixed product in the future. Increasing the maximum loan size on our two year 75 per cent LTV fixed will also benefit more homeowners."
