These are a 2-year fixed rate at 2.99% and a 5-year fix at 3.39%.
From today Santander Mortgages is offering first-time buyers free valuations and £500 cashback on completion for two product-free 95% loan-to-value mortgages.
These are a 2-year fixed rate at 2.99% and a 5-year fix at 3.39%.
Miguel Sard, managing director of Santander Mortgages said: “We know a lot of first-time buyers opt for 2 and 5-year fixed rate mortgages.
“By offering free valuations and introducing £500 cashback, we hope to give customers a helping hand towards the cost of kitting out their dream home.”
Alongside these changes the bank has reduced rates on purchase and remortgage products. It has cut rates by 0.05% on two 60% LTV 2-year fixes, one with a rate of 1.44% and £999 product fee and the a 1.74% without a product fee.
A 5-year fix without a product fee at 75% was also cut by 0.05% to reach 2.09%.
Meanwhile 60% and 75% 5-year fixes both saw rate reductions of 0.10%.
