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Santander cuts rates

Ryan Fowler

September 18, 2014

Rates now start from 2.15%, and all products have a booking fee of only £495. The cuts include a 2-year fix at 2.15% (down from 2.39%), up to 70% LTV, a 2-year fix at 2.30%, up to 75% LTV and a 2-year fix at 2.59% (down from 2.79%), up to 80% LTV.

Miguel Sard, Head of Mortgages at Santander, said: “Together with the recent reduction in booking fees and the continued benefit of 1% cashback to our 1|2|3 Current Account holders, these substantial rate cuts represent a truly outstanding deal for our existing current account customers who would like the security of a fixed rate.”

The lender is also launching an exclusive range of fixed products available through its Key Account partners.

The new range includes a 2-year fix at 2.15%, up to 70% LTV, 2-year fix at 2.30%, up to 75% LTV and a 5-year fix at 2.99%, up to 70% LTV.

Brad Fordham, managing director of Santander for Intermediaries, said: “We are delighted to demonstrate our commitment to our Key Account partners with this new product range. As we enter the traditionally busy autumn period, now is an ideal time for brokers to discuss options with their clients and help them make their way onto – and up – the property ladder.”


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