Santander will reduce the rates on mortgages available to existing current account holders from tomorrow (19 September).
Following last week’s announcement of a £500 discount off the standard £995 booking fee, the bank is now offering existing current account holders reduced rate.
Starting from as low as 2.15 per cent and all with a £495 booking fee, they include: a 2-year fix at 2.15 per cent, down from 2.39 per cent, up to 70 per cent loan-to-value and a 2-year fix at 2.30 per cent, down from 2.55 per cent, up to 75 per cent LTV. Both deals are for remortgage or purchase.
In terms of purchase only, there is a 2-year fix at 2.59 per cent, down from 2.79 per cent, up to 80 per cent LTV and a 2-year fix at 2.99 per cent, down from 3.19 per cent, up to 85 per cent LTV.
There is also a 5-year fix at 2.99 per cent, down from 3.29 per cent, up to 70 per cent LTV, for remortgage or purchase.
All current account exclusive products have a free valuations and £250 cashback for those buying a new home, and a free valuation and £250 cashback or free legals for those re-mortgaging.
Miguel Sard, head of mortgages at Santander, said: “Together with the recent reduction in booking fees and the continued benefit of 1 per cent cashback to our 1,2,3 current account holders, these substantial rate cuts represent a truly outstanding deal for our existing current account customers who would like the security of a fixed rate.”
