Santander overhauls mortgage range

Santander has reduced rates on its standard residential purchase and remortgage mortgages by up to 0.65%.

Related topics:  Mortgages
Rozi Jones
2nd February 2015
santander

The reduced rates include:

- 1.39% two year fixed, 60% LTV, £1495 booking fee (£200k minimum loan)
- 2.35% five year fixed, 60% LTV, £995 booking fee
- 2.94% ten year fixed, 70% LTV, £995 booking fee
- 4.24% three year fixed, 90% LTV, no booking fee

Santander is also rewarding existing current account and existing Santander home movers with a new range of Loyalty mortgages, offering either a reduced rate or lower booking fee. In addition, the bank is offering a free standard valuation and £250 cashback for purchase customers or a free standard valuation and free legals for remortgage customers.

Loyalty mortgage highlights include:

- 1.64% two year fixed, 60% LTV, £495 booking fee
- 1.89% two year fixed, 60% LTV, no booking fee
- 2.35% five year fixed, 60% LTV, £495 booking fee
- 2.94% ten year fixed, 70% LTV, £495 booking fee

The bank has also relaunched its Large Loan mortgages, offering customers a higher maximum loan size plus a wider range of deals.

The new range of 60% LTV fixed mortgages include a 1.69% two year fixed at 60% LTV with a £1995 booking fee. Santander are also offering reductions on 70% LTV fixed and tracker mortgages, and has increased the maximum loan size to £3 million.

Miguel Sard, Head of Santander Mortgages, said:

“We know that different customers want different things, which is why our new range supports Buy to Let landlords, offers competitive rates on our residential products, including larger loans and rewards customers loyalty.

“We have some of the lowest rates available in the market and want to support every customer secure the best mortgage to meet their needs.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.