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Santander cuts direct rates

Sarah Davidson

September 21, 2012

It has also launched a new 3.19% 5-year fixed at 60% LTV for all homebuyers and remortgagors.

The product changes include:

• Market leading 70% 2-year fixed with rates down by 0.20% to 2.79% with £995 fee – available with either homebuyer or remortgage solution

• 70% 2-year tracker with rates down by 0.20% to 2.79% with £995 fee – available with either homebuyer or remortgage solution

• 70% 2-year fixed with rates down by 0.10% to 3.29% with NO fee – available with either homebuyer or remortgage solution

• 75% 2-year fixed at 3.59% with fee reduced from £995 to £495 for a limited time only – available with either homebuyer or remortgage solution

• 85% 3-year fixed with rates down by 0.10% to 4.79% with £995 fee – available with homebuyer solution

• 85% 3-year fixed first-time buyer with rates down by 0.10% to 4.79% with £99 fee – available with homebuyer solution

• 85% 5-year fixed with rates down by 0.10% to 4.79% with £995 fee – available with homebuyer or remortgage solution

• A new 60% 5-year fixed at 3.19% with £1,495 fee – available with homebuyer or remortgage solution

Phil Cliff, director of Santander Mortgages, said: “As a major UK lender, we strive to offer homebuyers, both those looking to move home or remortgage, with competitive products and low rates.

“Our new 2-year fixed at 2.79% and 70% LTV is market leading whilst our competitive new 3.19% 5-year at 60% LTV is available to all homebuyers and remortgagors.

“We’re always looking to help customers get on or move up the property ladder and these rates cuts demonstrate our continued commitment to the mortgage market.”


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