Santander launches new FTB cashback range in rate overhaul

Santander has announced several fixed rate reductions alongside new longer-term fixed rate deals and a new range of cashback products for first-time buyers.

Related topics:  Mortgages
Rozi Jones
24th April 2019
santander

The new £500 cashback exclusives include a two-year fixed rate at 2.99% and a five-year fix at 3.39% up to 95% LTV with no product fee and a free valuation.

Santander has also launched a new five-year fixed rate at 1.81% up to 60% LTV with a £1,999 product fee on a minimum loan size of £500,000. A 60% LTV ten-year fixed rate is also available at 2.39% with a £999 fee.

The Bank has also announced rate reductions of up to 0.10% across its residential and buy-to-let ranges.

Residential two-year fixed rates are now available at 1.44% with a £999 product fee or 1.74% fee-free.

Five-year fixed rates have reduced to 1.99% at 60% LTV with no fee, while 75% LTV rates start at 1.89% with a £999 fee or 2.09% fee-free.

For buy-to-let, two-year fixed rates have been cut to 1.59% at 60% LTV and 1.69% at 75% LTV, both with a £1,499 product fee.

Five-year fixed rates are on offer at 2.04% at 60% LTV and 2.39% at 75% LTV with a £1,499 fee.

More like this
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.