Santander launches fixed remortgage range

Ryan Bembridge

October 11, 2016

miguel sard

Santander has launched a range of fixed rate remortgage products with no product fee including a 60% loan-to-value 2-year fix at 1.64%.

Other mortgages are a 60% LTV 5-year fix at 2.09%, a 75% LTV 2-year fix at 1.74%, a 75% LTV 5-year fix at 2.34% and an 85% LTV 2-year fix at 2.14%.

The lender has also introduced a range of Help to Buy equity loan products at 75% LTV with £250 cashback.

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Santander is offering a 2-year fix at 1.64% with a £995 fee, and 5-year fixes at 2.59% with a £995 fee and 2.84% with no fee.

Miguel Sard (pictured), managing director of mortgages at Santander UK, said: “As we enter autumn, we know a lot of customers are looking to remortgage before the end of the year.

“Through the introduction of these new, competitive rates, we hope to help more people secure a great mortgage to meet their needs.

“Our Help to Buy equity products are designed to support customers looking to purchase a new build property, we hope that the reduction in rates will make owning a home affordable and a reality for aspiring buyers.”

The remortgage products include a free valuation and free remortgage legals as long as the borrower doesn’t repay the mortgage within two years.