The lender is launching two new Help to Buy equity loan scheme products which offer an extended completion deadline of nine months for purchases.
The first is a fee-free two-and-a-half year fixed rate at 2.44% available up to 75% loan-to-value (LTV). The second is a five-year fix at 3.14% LTV also at 75% LTV and no booking fee.
Santander has also launched a new tracker for buy-to-let customers. Landlords at 75% LTV can opt for a rate 2.94% above base rate, giving an initial rate of 3.44%, with no booking fee for both purchase and remortgage.
Another option is a buy-to-let two-year fixed at 2.84% with a £1,995 booking fee.
For residential customers at 60% LTV there is a two-year tracker at bank rate plus 1.19%, giving an initial rate of 1.69%, with a £1,995 booking fee.
Customers at 75% LTV can opt for a five-year ‘loyalty’ fixed rate at 2.94% with no booking fee. Loyalty customers are those with either an existing Santander mortgage or current account. New customers pay a slightly higher five-year rate at 3.04% with no booking fee.
