Santander cuts selected fixed mortgage rates

Santander for Intermediaries will be reducing selected two-year fixed rates at 75 per cent and 80 per cent loan to value, effective from Monday (11 November).

The new rates are a two-year fixed at 2.34 per cent and at 3.14 per cent, at 75 per cent and 80 per cent respectively. A fee of £995 is applicable to the 2.34 per cent deal.

Santander’s ‘existing mover’ two-year fixed-rate is available at 2.29 per cent with a 75 per cent LTV, with a £995 fee. A 2.24 per cent two year fixed rate at 75 per cent LTV with a £995 fee is exclusive for for current account customers.

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Santander for Intermediaries will also be reducing the rate on its ‘homebuyer plus’ two-year fixed rate product at 75 per cent LTV. The new rate on a 75 per cent LTV is 2.34 per cent with a £995 fee.

All deals are available for purchase and remortgage.