Santander Update

We’re reducing rates by up to 0.20% and introducing new 60% LTV remo deals

On Thursday 9 September, we’re making reductions of up to 0.20% on selected residential products across our new business and product transfer mortgage ranges.

New business range

We’re introducing two new 60% LTV products for remortgage customers with £749 fees. We’re also reducing selected purchase and remortgage rates by up to 0.20% across all LTVs and reducing product fees by £250 on selected remortgage products at 75% LTV.

NEW – remortgage only

• 60% LTV 2 Year fixed rate at 0.84% with £749 fee
• 60% LTV 5 Year fixed rate at 0.99% with £749 fee

Reductions

• 75% LTV 2 Year fixed rate at 0.99% with £749 fee – remortgage – fee reduced by £250
• 85% LTV 2 Year fixed rate at 1.70% with £999 fee – purchase – rate reduced by 0.15%
• 85% LTV 2 Year fixed rate at 2.09% with £0 fee – purchase – rate reduced by 0.10%
• 90% LTV 2 Year fixed rate at 2.04% with £999 fee – purchase – rate reduced by 0.20%
• 95% LTV 2 Year fixed mortgage guarantee rate at 3.20% with £0 fee – purchase – rate reduced by 0.20%
• 75% LTV 5 Year fixed rate at 1.18% with £749 fee – remortgage – rate reduced by 0.03% and fee reduced by £250
• 85% LTV 5 Year fixed rate at 2.19% with £999 fee – purchase – rate reduced by 0.10%
• 90% LTV 5 Year fixed rate at 2.72% with £999 fee – purchase – rate reduced by 0.18%
• 95% LTV 5 Year fixed mortgage guarantee rate at 3.45% with £0 fee – purchase – rate reduced by 0.15%

For full details of our new business mortgage range please see the Rate Bulletin (Issue 15) which will be available on our website on Wednesday 9 September.

Product transfer range

We’re reducing selected residential fixed rates (up to 75% LTV) by between 0.05% and 0.20% and making some fee reductions of £250.

Santander product transfer rates are personalised to each customer, so you won’t find them on sourcing systems.