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Santander cuts rates on high LTV range

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  • 29/11/2013
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Santander cuts rates on high LTV range
Santander for Intermediaries has cut rates on a number of its higher loan-to-value products from Monday 2 December.

The lender has cut its two-year fix at 80% LTV to 2.74%, with a £995 fee and cut rates on products at 85% and 90% loan-to-value.

The new range includes:
– Market-leading two-year fix with a rate of 2.74% and £995 fee, available up to 80% LTV to homebuyers and remortgagers
– Two-year fix with a rate of 3.59% and no fee, available up to 85% LTV to homebuyers and remortgagers
– Two-year fix with a rate of 4.49% and no fee, available up to 90% LTV to all homebuyers
– Five-year fix with a rate of 4.14% and no fee, available up to 85% LTV to homebuyers and remortgagors
– Five year fix available exclusively to existing customers moving home with a rate of 4.09% and no fee, available up to 85% LTV.

Miguel Sard, managing director of Santander for Intermediaries, said: “Santander for Intermediaries wants to be front of mind for both intermediaries and their clients. Our latest range of competitive two and five  year higher LTV products demonstrates our continued support for UK households getting on, and moving up, the property ladder.

“We’re focussed on supporting the market with great rates, great service and value for money. We expect there to be strong demand for these latest deals from both intermediaries and their clients.”

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