Santander makes rate adjustments throughout range

Essex Home Finance
Santander has made rate increases and reductions across its product ranges.
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Santander has made rate increases and reductions across its residential, Help to Buy and buy-to-let (BTL) product ranges.

Residential

Under its two-year fixed residential offerings, the largest rate increase is the 60% LTV remortgage product (lowered from 70% LTV) with zero fee, which has received a 34 basis point adjustment upward to 1.43%.

Further increases in the two-year category range from 2 basis points to 30 basis points.

Within the residential five-year fixes, the 60% LTV (also lowered from 70% LTV) remortgage product with zero fee has been upped by 37 basis points to 1.59%.

Other increases occur between 7 basis points and 35 basis points.

The most significant rate reduction for a two-year fix is the 85% LTV remortgage offering with zero fee, which has been cut by 36 basis points to 1.83%.

And under the five-year fixes, the 85% LTV remortgage product with zero fee has been cut by 30 basis points to 2.24%.

Help to Buy

Here, the only rate increase takes place at 60% LTV, where the five-year fix for purchase with £499 fee has been moved up by 20 basis points to 1.50%.

At 75% LTV, the two-year fix for purchase with £499 fee has been cut by 15 basis points to 1.33%.

And the 75% LTV 2.5-year fix for purchase with £499 fee has also been cut by 15 basis points, this time to 1.38%.

BTL

In this category, the lender has only reduced rates.

The most eye-catching is the 60% LTV two-year fix for purchase and remortgage and with zero fee, which has had 10 basis points chopped off, bringing the price to 1.62%.

Original Article from Mortgage Strategy 25/10/21

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Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

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