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Santander cuts rates by 0.24% on fixed deals

Santander is cutting its two, four and five-year fixed rate deals by up to 0.24% today.

It is also intorducing a new two-year fixed at 3.90%, up to 75% LTV with no fee and includes Homebuyer solution.

And a two-year tracker at 3.09%, up to 70% LTV with no fee.

The latest range also includes a two-year fixed reduced to 2.75%, available up to 60% LTV with £1995 fee available to all borrowers.

There is a four-year fixed reduced to 4.75%, up to 75 per cent LTV with £995 fee including free basic valuation and £250 cashback on completion.

And a five-year fixed reduced to 4.75%, up to 70% LTV with £995 fee including free valuation and £250 cashback on completion.

A spokesman for Santander says: “It’s great news for borrowers that rates are coming down on fixed deals.  Whether they’re looking to remortgage or purchase a house, we have some extremely competitive deals in our range. As the ‘Home of UK mortgages’, we want to ensure we can provide customers with a good variety of products to suit their needs.”


Northern Rock promises to bring back £99 mortgage fee

Northern Rock last week pledged that its £99 mortgage application fee offer would be back despite having to pull it last Monday. The lender originally announced on August Friday 20 that it was re-ducing its application fee for resi-dential purchase and buy-to-let mortgages from £250 to £99. But it says that due to an internal […]


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