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Santander adds £250 cashback to 95 per cent LTV deals
Santander has added £250 cashback to its three and five-year fixed mortgage guarantee scheme products at 95 per cent loan to value (LTV).
The three-year fix is priced at 3.99 per cent while the five-year fix has a rate of 4.09 per cent. Both products have no fee.
The bank has also reduced rates on its standard residential and new-build range by as much as 0.20 per cent.
Products to see the largest cuts include the 85 per cent LTV two-year fixed purchase and remortgage deal with a £999. This now has a rate of 2.43 per cent, down from 2.63 per cent.
Another product to receive a 0.20 per cent reduction is the purchase and remortgage five-year fixed mortgage at 85 per cent, which is priced at 2.95 per cent.
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The bank also pulled two of the broker exclusive products which were launched two weeks ago. Both at the 85 per cent LTV tier, the two-year fixed with a rate of 2.53 per cent with a £199 fee is no longer available as well as the five-year fixed fee-free option with a rate of 2.85 per cent.
The product changes are effective from today.