Santander UK has unveiled a range of new rates.
Within the changes, Santander has released its lowest ever 5-year fix.
The product is in the purchase and remortgage range and is available at 1.49% up to 60% LTV.
In the same range there will also be a 2-year fix at 60%, priced at 1.21%.
The 2-year fix product comes with £250 cashback.
At 75% LTV there will be a 1.29% 2-year fix and a 10-year fix at 2.34%.
All products come with a £999 product fee.
Miguel Sard, head of mortgages at Santander Mortgages, said: “Whether it is a first-time buyer looking for a mortgage, or an existing homeowner looking to move your mortgage to Santander, we hope the introduction of our lowest ever 5-year fixed rate will help give peace of mind and certainty over mortgage repayments.”
The changes will come into effect on Tuesday 22 October.