The bank has also launched a new 80% LTV two year fix at 2.05%, and a new 80% LTV two year fixed Loyalty mortgage at 2.05%.
Santander has also reduced selected fixed rates, including:
- 75% LTV two year fixed 1.79%, with a £995 booking fee on purchase and remortgage
- 75% LTV two year fixed Loyalty 1.79%, with a £495 booking fee on purchase and remortgage
- 80% LTV five year fixed 3.09%, with a zero booking fee on purchase and remortgage
- 80% LTV five year fixed Loyalty 2.99%, with a zero booking fee on purchase and remortgage
- 85% LTV five year fixed 3.64%, with a zero booking fee on purchase and remortgage
- 85% LTV five year fixed Loyalty 3.54% with a zero booking fee on purchase and remortgage
It has also reduced large loan fixed rates (available up to £3m) at 60% and 70% LTV. New rates include a 60% LTV 5 year fix at 2.65%, 70% LTV 2 year fix at 1.94%, and a 70% LTV 5 year fix at 2.99%.
Miguel Sard, Head of Mortgages at Santander, said:
“There has been a bit of uncertainty in the market around what will happen to mortgage rates and products in the near future. Buyers with limited deposits can sometimes feel hit the hardest in these times, which is why we want to support them with our latest H2B1 mortgage rates. We know many people have the aspiration of owing their home, we want to support them and make it a reality.
“We also work to ensure customers have as much choice as possible, so we have invigorated our fixed rate offering. fixed rates give customers the security of knowing exactly how much they will be paying over a term and can help people plan financially.”
