For both purchases and remortgages there’s now a 10-year fix at 75% loan-to-value with a £999 product fee and a 5-year fix at 90% LTV without a product fee.
Santander Mortgages has launched a 10-year fixed rate residential mortgage and three mortgages for first-time buyers with £1,000 cashback a free valuation.
For both purchases and remortgages there’s now a 10-year fix at 75% loan-to-value with a £999 product fee and a 5-year fix at 90% LTV without a product fee. The bank has also cut rates across seven of its 2-year and 5-year fixes.
Miguel Sard, head of mortgages at Santander Mortgages,said:“We know that customers looking at higher LTV borrowing can be faced with challenging interest rates.
“Whether you are a first-time buyer looking for a mortgage that gives you a little something back, or an existing home-owner looking to remortgage, we hope that our updated products will help make your home ownership dreams possible.”
The new first-time buyer products are all 3-year fixes, have no product fee and come with £1,000 cashback and a free valuation.Thereare products at2.99%to95% LTV, 2.39%to90% LTV and 2.24%to85% LTV.
The rate reductions are for selected 2-year and 5-year fixes for purchases and remortgages.
A 5-year fixed rate at 95% LTV without product fee was cut by 0.1% to 3.29%, a 5-year fix at 90% LTV with a £999 fee was decreased by 0.15% to reach 2.34% and a 2-year fix at 90% LTV with a £999 fee was cut by 0.2% to reach 1.89%.
Santander Mortgages has also launched three mortgage products exclusively for its private and select account holders, available in direct channels only. All are 3-year fixes available for purchases and remortgages.
There’s a 1.59% at 60% LTV with a £999 fee, a 1.59% at 75% LTV with a £1,499 fee and a £1.69% at 75% LTV with a £999 fee.
