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Santander is making reductions of up to 36 basis points tomorrow across its range of deals for new customers.
The lender is making the following cuts to fixed rate products:
- 80% LTV two-year fixed rate at 1.49% with £999 fee, remortgage only, reduced by 0.14 percentage points
- 80% LTV two-year fixed rate at 1.39% with £999 fee, purchase only, reduced by 0.24 percentage points
- 80% LTV two-year fixed rate at 1.94% with £0 fee for purchase and remortgage, reduced by 0.12 percentage points
- 80% LTV five-year fixed rate at 1.83% with £999 fee for remortgage only, reduced by 0.04 percentage points
- 80% LTV five-year fixed rate at 1.80% with £999 fee, purchase only, reduced by 0.07 percentage points
- 80% LTV five-year fixed rate at 2.13% with £0 fee, remortgage only, reduced by 0.06 percentage points
- 80% LTV five-year fixed rate at 2.04% with £0 fee, purchase only, reduced by 0.15 percentage points
Santander is cutting costs on the following large loan deals for purchase and remortgage:
- 60% LTV two-year fixed rate at 1.22% with £2499 fee reduced by 0.27 percentage points
- 75% LTV two-year fixed rate at 1.48% with £2499 fee reduced by 0.36 percentage points
- 60% LTV five-year fixed rate at 1.38% with £2499 fee reduced by 0.31 percentage points
- 75% LTV five-year fixed rate at 1.63% with £2499 fee reduced by 0.36 percentage points
The lender is also trimming the following newbuild exclusive rates for purchase only:
- 85% LTV 2.5-year fixed rate at 1.70% with £999 fee reduced by 0.15 percentage points
- 85% LTV 2.5-year fixed rate at 2.09% with £0 fee reduced by 0.10 percentage points
Santander is reducing the minimum loan size from £250,000 to just £6,000 to provide borrowers with more flexibility on the following purchase-only deals:
- 60% LTV two-year fixed rate at 0.89% with £999 fee
- 75% LTV two-year fixed rate at 1.04% with £999 fee
- 60% LTV five-year fixed rate at 0.99% with £999 fee
- 75% LTV five-year fixed rate at 1.19% with £999 fee
As part of its product refresh, the lender is withdrawing these purchase-only deals:
- 75% LTV two-year fixed rate at 1.07% with £999 fee
- 75% LTV five-year fixed rate at 1.25% with £999 fee