It slashes rates by up to 56bps
Santander has announced rate reductions of up to 56 basis points (bps) on selected residential purchase mortgages, remortgages, buy-to-let, and product transfers.
Five-year fixed rates that have been reduced include residential purchase mortgage products with a £999 product fee at 60%, 75%, and 90% loan-to-value (LTV) - they are now priced at 4.64%, 4.74%, and 5.15%, respectively.
Reduced remortgage rates include two-year residential fixes with a £999 product fee at 60%, 75%, and 85% LTV, which are now priced at 5.33%, 5.44%, and 5.94%, respectively.
The full list of new rates can be found on the lender’s intermediary website.
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