Other new products are a 2-year remortgage fix at 1.69% to 75% LTV with a £1,495 fee and a 5-year fix at 2.45% to 60% LTV with a £995 fee for homebuyers and remortgagers.
Miguel Sard, head of Santander mortgages, Santander, said: “Our new rates are designed for all mortgage borrowers.
“We want to support everyone looking to take the next step – whether they are looking to get a foot on the property ladder, remortgage or move to a new home.
“These products are some of the lowest rates available and we will help customers looking to arrange the best possible deal in 2015.”
Santander has also cut rates on its Help to Buy mortgage guarantee fixed range, offering a 2-year fix at 4.69% (reduced by 0.80%) to 95% LTV and a 5-year fix at 4.99% (reduced by 0.60%) to 95% LTV with no fee and a free standard valuation up to £2.5m
The lender is also offering a 2-year fix at 2.14% (reduced by 0.15%) and a 5-year fix at 3.19% (reduced by 0.25%), both to 80% LTV with a £995 fee.
Others products are a 2-year tracker at 1.59% (reduced by 0.20%) to 75% LTV with a £995 fee and a flexible offset lifetime tracker at 2.99% (reduced by 0.20%) to 75% LTV with a £495 booking fee.
