Santander rolls out new 70% LTV deals

Santander for Intermediaries has launched new two and five-year fixed rate mortgage products with a 70 per cent loan to value, available exclusively through all ‘key accounts’.

The new exclusive products are a two-year fixed fee with a 2.19 per cent rate with a homebuyer solution, as well as a two-year fixed with a 2.09 per cent rate with a remortgage solution. A five-year-fixed rate with a 3.19 per cent rate with homebuyer and remortgage solutions has also been launched.

The homebuyer solution offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion. All have a £995 booking fee.

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Brad Fordham, managing director of Santander for Intermediaries, said: “As the mortgage market starts to heat up for the summer, we are looking forward to supporting homebuyers and remortgagers with these competitively priced 70 per cent LTV products.

“Our latest deals, available exclusively through our Key Account partners, offer intermediaries and their clients highly competitive fixed rates with a minimum loan size of £200k plus the added benefit of our homebuyer or remortgage Solution.”