Lowest ever 2 year fix from Santander launches today

Santander has announced that it has launched its lowest ever two year fix available to remortgagers.

Related topics:  Finance
Warren Lewis
16th January 2015
Santander

In addition to the new rate, the lender says it has also substantially reduced rates across their Help to Buy range.

The two year fix,  which has been reduced by 0.8%, now stands at 4.69% and is available up to 95% LTV with no booking fee. A five year fix has been reduced by 0.6% and is also available at 4.99% up to 95% LTV with no booking fee. Both deals include Santanders free valuation service.

Santander also reported that it is making reductions to some of its other products, including:

- Two year fix at 2.14% (reduced by 0.15%) with a £995 booking fee,  available up to 80% LTV for homebuyers and remortgagers
- Five year fix at 3.19%% (reduced by 0.25%) with a £995 booking fee, available up to 80% LTV for homebuyers and remortgagers
- Two year Tracker at 1.59% (reduced by 0.20%) with a £995 booking fee available up to 75% LTV for homebuyers and remortgagers
- Flexible offset Lifetime Tracker at 2.99% (reduced by 0.20%) with a £495 booking fee available up to 75% LTV for homebuyers and remortgagers

The fixed and 2 year tracker rates come with Remortgage Solution, offering a free valuation and free legals or £250 cashback for those remortgaging.   

Miguel Sard, Head of Santander Mortgages, Santander said:

“Our new rates are designed for all mortgage borrowers. We want to support everyone looking to take the next step – whether they are looking to get a foot on the property ladder, remortgage or move to a new home. These products are some of the lowest rates available and we will help customers looking to arrange the best possible deal in 2015.”

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