Santander offers high-LTV fixes and cuts rates

Santander for Intermediaries has launched a 2.74 per cent 80 per cent LTV two-year fix and cut the rates on existing high LTV deals by up to 0.35 per cent.

Its five-year fix at 85 per cent for homebuyers and remortgagors has been cut by 0.35 per cent to 4.14, as has its five-year fix at 85 per cent LTV for existing customers moving home which now has a rate of 4.09 per cent.

It has also cut its two-year fix at 85 per cent LTV by 0.15 per cent to 3.59 per cent and opened up its first-time buyer only 90 per cent LTV 4.49 per cent two-year deal to all home buyers. 

Santander for Intermediaries managing director Miguel Sard says he expects there to be strong demand from both brokers and their clients for the latest deals.

He says: “We’re focussed on supporting the market with great rates, great service and value for money. Our new market-leading two-year fix at 80 per cent LTV is available at 2.74 per cent with a £995 fee while our 85 per cent LTV product for a five-year fix term is at a very competitive 4.14 per cent while the two-year fix is at 3.59 per cent – both are available with no fee.”