The product is fixed at 1.89% for two years, at 60% LTV, with a booking fee of £1495. This new product will especially appeal to homebuyers and remortgagors seeking a larger loan.
This move comes shortly after the company announced that all of Santander’s standard residential tracker mortgages, including Flexible Offset and Lifetime Tracker products, are now ERC free, giving customers more freedom and flexibility in their choice of mortgage features.
