Fixed RateSep 26 2016

Santander launches range of high LTV mortgages

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Santander launches range of high LTV mortgages

Santander has launched a range of high loan-to-value mortgages which come with £250 cashback.

The new rates are designed to support customers who want to lock into a competitive rate for a set period.

Among the new products is an 80 per cent LTV two-year fix with a 1.64 per cent rate and a £995 product fee.

There is also an 85 per cent LTV five-year fix with a 2.79 per cent rate and no product fee and a 90 per cent LTV five-year fix with a 3.14 per cent rate and a £995 product fee.

Miguel Sard, managing director of mortgages at Santander UK, said: “We recognise that some customers keen to take the second step on the property ladder can find it difficult.

“Through the introduction of these new, competitive rates, we are working to support those that want to move up and lock in to a competitive fixed rate, including first time buyers and those seeking to remortgage.”

Santander has also launched some new fixed rate products exclusively for selected Key Accounts within the intermediary market, offering the additional benefit of £250 cashback.

These are a 75 per cent LTV two-year fix with a 1.39 per cent rate and a £995 product fee and a 90 per cent LTV two-year fix with a 2.34 per cent rate and a £995 product fee.

All these mortgages are available for purchase or remortgage.