28 Nov Santander launches lowest ever two year fixed rate
Santander is set to launch its lowest ever two year fixed rate, although it is for a limited time only and will only be available exclusively to those who are re-mortgaging their properties. It offers a 1.84% rate up to 60% LTV with a £995 fee.
Together with additional cuts to many other fixed and tracker products, Santander is entering the festive season with a competitive range of mortgages which gives customers the widest possible choice to help meet their borrowing needs.
The additional new two and five year rates on offer are available to both homebuyers and remortgagers via Santander in branches, over the telephone and via intermediaries and come with a £995 booking fee. They include:
- Two year fix at 2.29% (reduced by 0.20%), available up to 80% LTV for homebuyers and remortgagers
- Five year fix at 3.44% ( reduced by 0.15%), available up to 80% LTV for homebuyers and remortgagers,
- Two-year tracker at 2.04% (reduced by 0.30%) available up to 80% LTV for homebuyers and remortgagers,
All of these mortgages come with Santander’s Homebuyer or Remortgage Solutions, offering a free valuation and £250 cashback for those buying a new home, and a free valuation and free legals or £250 cashback for those remortgaging.
In addition, Santander 1|2|3 Current Account customers who pay their monthly Santander mortgage payment by Direct Debit will receive 1% cashback on maximum monthly mortgage payments of £1,000.
Santander managing director of intermediaries and mortgages Miguel Sard says:
“This is good news all round for customers, whether they are looking to remortgage or buy a new home. We are delighted to end the year by offering some of the lowest rates available in the market, and both customers and brokers should take advantage of these limited offer deals while they can.