Santander to launch zero booking fee remortgage deals

Santander for Intermediaries is to launch a new range of zero booking fee remortgage products exclusively through its key accounts from Monday 16 September.

The no booking fee range includes a two-year fixed for remortgage customers only at 2.44 per cent available up to 60 per cent LTV as well as a five-year fixed rate at 2.99 per cent up to 70 per cent LTV.

The lender is also reducing rates across its standard range including Help to Buy products as well as selected homebuyer and remortgage fixed and trackers.

The Help to Buy rates have been reduced by 5 basis points across the range, which now offers a two-year fix at 3.24 per cent and a five-year fixed rate at 3.44 per cent. The two-year tracker in the Help to Buy range is also offered at 3.24 per cent and all of these products come with no booking fee.

Amongst the standard range reductions, the lifetime tracker mortgage has been reduced by 0.20 per cent to 2.49 with a £495 fee, available up to 75 per cent LTV. The two-year tracker has also seen a reduction of 20 basis points and is now available up to 60 per cent LTV at 2.09 per cent with a £995 fee.

The biggest reductions are on the two-year tracker and fixed products which have been reduced to 2.69 per cent up to 70 per cent LTV with no fee.

Santander for Intermediaries managing director Miguel Sard says: “We are committed to supporting intermediaries and their clients with new products and we expect there to be strong demand for these competitive deals.”