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Santander reduce rates

Ryan Fowler

March 5, 2014

Products include a 2-year tracker at 70% loan to value, reduced from 2.19% to 2.14% and an 80% loan to value 2-year tracker reduced from 3.29% to 2.84%, both with a £495 fee.

Both products are available in Core, Homebuyer & Remortgage Solutions.

Brad Fordham, managing director of Santander for Intermediaries, said: “We’ve listened to feedback and are reintroducing our popular Homebuyer and Remortgage Solutions to a number of products within our standard residential 2-year tracker range giving customers even more flexibility and choice.”

The Help to Buy 2 year tracker has also been reduced from 4.99% to 4.74% with no fee.

Santander is launching a new 5-year fixed current account exclusive at 75% loan to value at 3.24% and a £995 fee with a Homebuyer or Remortgage Solution.

Existing Mover Exclusives include a 2 and 3-year fixed rates at 75% loan to value, reduced from 2.29% to 2.24% and 3.04% to 2.79%, both with a £995 fee.

Fordham added: “As well as reducing rates on our Existing Mover exclusives, existing mortgage customers moving home benefit from more flexible lending decisions via Introducer Internet and brokers will also receive a full proc fee on the total balance.

“We want to be the intermediary partner of choice and these latest improvements to our range support our commitment to the market by offering good value to their clients. As we move towards MMR, we want to reassure intermediaries that they can continue to expect great rates and quality service from SFI.”


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