Mortgage News
Santander cuts rate on high LTV mortgages
Santander has reduced rates on a selection of first-time buyer loans.
The bank has reduced the rate on its 95% loan-to-value (LTV) two-year fixed Help to Buy mortgage by 0.40% to 4.49% with no fee.
The rate on its 90% LTV two-year fixed mortgage has been cut by 0.30% to 3.69%. Loyalty range customers can secure a rate of 3.59% with no booking fee.
Santander has also cut rates by 0.1% across its 60% LTV five-year fixed products and 70% LTV two-year fixed deals.
Miguel Sard (pictured), head of mortgages at Santander, said: “For customers who want a high LTV product, these now come with free valuation and don’t have a booking fee, it’s another way we hope to support our customers and provide them with the best mortgage deal.”
Purchase customers on Santander’s Loyalty range can get a free standard valuation and £250 cashback, while remortgage customers receive a free standard valuation and free legals.
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