Santander for Intermediaries is to launch a new product range, exclusive to current account holders, with rates starting from 1.94 per cent.
A two-year fix is offered up to 60 per cent LTV at 1.94 per cent – a 0.1 per cent discount on the standard product – with a £995 booking fee.
There is also a 75 per cent LTV product riced at 2.29 per cent with a £995 booking fee. it is also 0.1 per cent cheaper than the product on offer to those who do not have a Santander current account.
A 85 per cent LTV option carries a rate of 3.49 per cent with no booking fee. This product is priced 25 basis points lower than the standard product.
A two-year tracker is included in the new range, priced at base rate plus 1.59 per cent giving a current rate of 2.09. The mortgage is available to 70 per cent LTV and a £495 booking fee is applied.
Santander for Intermediaries managing director Miguel Sard says: “Offering intermediaries and their clients simple and clear products which provide ongoing value demonstrates our commitments to our intermediary partners.”
The new range will be launched officially on 4 November.