The new product also comes with Santander's Homebuyer Solution which offers a free basic mortgage valuation and £250 cashback on completion.
In addition, Santander is also reducing rates on a selection of its two year fixed products:
- Rate reduced by 0.10% on two-year fix at 80% LTV for homebuyers, now 4.19% with a £995 fee
- Rate reduced by 0.10% on two-year fix at 85% LTV, available exclusively to first-time buyers, now 4.99% with a £495 fee
- Rate reduced by 0.10% on two-year fix at 85% LTV for homebuyers, now 4.99% with a £995 fee
- Rate reduced by 0.06% on two-year fix at 70% LTV for homebuyers, now 3.49% with a £995 fee
- Rate reduced by 0.06% on two-year fix at 70% LTV for Loyal Movers, now 3.49% with a £495 fee
- Rate reduced by 0.04% on two-year fix at 75% LTV, available to homebuyers, now 3.55% with a £995 fee
Phil Cliff, director of Santander Mortgages said: "We understand the challenges faced by today's homeowners and are keen to get Britain moving. Despite the doom and gloom surrounding the property market, we are committed to helping housebuyers get the product that is affordable and best suits their needs.”
