Would You like a feature Interview?
All Interviews are 100% FREE of Charge
Santander today announced further reductions in residential fixed-rate products and mortgage rates in the “Buy to Let” range for both new homebuyers and re-mortgage customers.
Fixed interest rates for homes have been reduced by up to 0.25%, and the minimum interest rate for both homebuying and mortgage customers is now 3.99%.(1)Banks have reduced interest rates across the loan-to-value (LTV) bracket and across 2-, 3- and 5-year fixed-term contracts, giving customers more choice.
Here are the changes made today:
- 60% LTV 5 year fixed rate 3.99%, home purchase fee £999 (0.11% reduction)
- 75% LTV 5 year fixed rate 4.08%, home purchase fee £999 (0.07% reduction)
- 85% LTV 5 year fixed rate 4.31%, home purchase fee £999 (0.03% reduction)
- 90% LTV 5 year fixed rate 4.52%, home purchase fee £999 (0.07% reduction)
Full list of rate changes available here.
To support first-time buyers and low deposit customers buying a home, our 2-year fixed rate product with 85% LTV has a maximum discount rate of 0.26%, currently 4.89% and no fees is. % LTV 2-year fixed rate product range.
Aaron Shinwell, Chief Operating Officer – Homes at Santander Said: “We work hard to help our customers across the mortgage market, whether it’s buying a first home, moving, or re-mortgaging. By offering lower rates on fixed contracts, we are providing better value to a wider range of customers.”
Customers can see how much they can borrow and what interest rates are available. mortgage calculator on the Santander website.
my home manager provides personalized information and support to mortgage customers through Santander’s mobile app, with more than 60,000 customers benefiting from the service to date.