Santander unveils its lowest 5-year fix

Michael Lloyd

October 21, 2019

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.

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