Santander has launched a range of two and five year fixed re-mortgage products with no product fees.
The new products are available on products at 60, 75, and 85 per cent LTV, with interest rates ranging from 1.64 per cent for a two-year 60 per cent fix, to 2.34 per cent for a five-year 85 per cent remortgage deal.
Along with no product charges, each of the new deals comes with no legal or valuation fees, although legal fees apply if the mortgage is paid back within the first two years.
Santander has also introduced a range of Help to Buy equity loan products for those looking to purchase a new build property.
The products are a two year fix at 1.64 per cent and two five year deals at 2.59 per cent and 2.84 per cent. All are available at 75 per cent LTV and offer £250 cashback on completion – repayable if the loan is repaid within two years.
Santander UK managing director of mortgages Migues Sard says: “As we enter autumn, we know a lot of customers are looking to re-mortgage before the end of the year. Through the introduction of these new, competitive rates, we hope to help more people secure a great mortgage to meet their needs.
“Our Help to Buy equity products are designed to support customers looking to purchase a new build property, we hope that the reduction in rates will make owning a home affordable and a reality for aspiring buyers.”