Santander cuts high LTV rates by up to 33 basis points

Essex Home Finance
Santander is cutting rates on some of its higher LTV fixed rate deals.
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Santander is cutting rates on some of its higher LTV fixed rate deals by up to 33 basis points tomorrow.

Its reductions are on selected products between 80% and 90% LTV.

The following standard mortgage rates are being cut:

  • 80% LTV two-year fixed rate reduced by 17 basis points from 1.8% to 1.63% with £999 fee – remortgage
  • 80% LTV two-year fixed rate at 1.84% reduced by 21 basis points to 1.63% with £999 fee – purchase
  • 80% LTV two-year fixed rate at 2.24% reduced by 18 basis points to 2.06% with £0 fee – remortgage
  • 80% LTV two-year fixed rate at 2.33% reduced by 27 basis points to 2.06% with £0 fee – purchase
  • 85% LTV two-year fixed rate at 2.10% reduced by 25 basis points to 1.85% with £999 fee – purchase & remortgage
  • 90% LTV two-year fixed rate at 2.57% reduced by 33 basis points to 2.24% with £999 fee – purchase 
  • 80% LTV five-year fixed rate at 2.1% reduced by 16 basis points to 1.94% with £999 fee – remortgage 
  • 80% LTV five-year fixed rate at 2.12% reduced by 18 basis points to 1.94% with £999 fee – purchase – rate reduced by 0.18%
  • 80% LTV five-year fixed rate at 2.37 per cent reduced by 18 basis points to 2.19% with £0 fee – remortgage
  • 80% LTV five-year fixed rate at 2.47% reduced by 28 basis points to 2.19% with £0 fee – purchase
  • 85% LTV five-year fixed rate at 2.48% reduced by 16 basis points to 2.32% with £999 fee – purchase & remortgage 
  • 90% LTV five-year fixed rate at 3.2% reduced by 30 basis points to 2.9% with £999 fee – purchase

Original Article from Mortgage Strategy 11/08/21

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