Santander refreshes mortgage range

Posted on Monday, February 9 by Joy Tibbs

Santander has cut several of its buy-to-let (BTL) mortgage rates, with the lowest now at 2.35% on a two-year fix up to 60% loan-to-value (LTV) with a £1,995 booking fee.

The bank has also cut the rates on its standard residential purchase and remortgage rates by up to 0.65%. The new rates include a two-year fix up to 60% LTV at 1.39% with a £1,495 booking fee (£200,000 minimum loan); a five-year fix up to 60% LTV at 2.35% with a £995 booking fee; a 10-year fix up to 70% LTV at 2.94% with a £995 booking fee; and a three-year fix up to 90% LTV at 4.24% with no booking fee.

The bank has also introduced a new range of Loyalty mortgages for existing current account and Santander home movers, with free standard valuation and £250 cashback for purchase customers or a free standard valuation and free legals for remortgage customers.

Loyalty mortgage highlights include a two-year fix up to 60% LTV at 1.64% with a £495 booking fee or at 1.89% with no booking fee; a five-year fix up to 60% at 2.35% with a £495 booking fee; and a 10-year fix up to 70% LTV at 2.94% with a £495 booking fee.

Miguel Sard, head of Santander Mortgages, said: “We know that different customers want different things, which is why our new range supports buy-to-let landlords, offers competitive rates on our residential products, including larger loans and rewards customers loyalty.

“We have some of the lowest rates available in the market and want to support every customer secure the best mortgage to meet their needs.”

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