Santander has made its mortgage market comeback with a string of new deals, interest rate cuts and a major TV advertising campaign.
Santander for Intermediaries (SFI) is today launching a new range of zero booking fee remortgage products and slashing interest rates across a range of deals, including Help to Buy.
This marks a reversal of its decision to scale down its high street operation last year, and will be backed by its first prime time TV advertising campaign for six years, fronted by brand ambassadors Jenson Button, Rory McIlroy and Jessica Ennis-Hill.
SFI is launching a new range of market leading zero booking fee remortgage products available exclusively through all Key Accounts, and reducing rates on selected fixed and tracker deals.
The range with no booking fees includes:
Two-year fix with a rate of 2.44%, available up to 60% LTV to remortgagers only, available exclusively through Key Accounts
Five-year fix with a rate of 2.99%, available up to 70% LTV to remortgagers only, available exclusively through Key Accounts
SFI is also making reductions to its standard range, including Help to Buy, on selected homebuyer and remortgage fixed and tracker rates up to 85% LTV.
For Help to Buy, the range includes:
Two-year fix with a rate of 3.24%, with no booking fee
Five-year fix with a rate of 3.44%, with no booking fee
Two-year tracker with a rate of 3.24%, with no booking fee
The new deals on offer within the standard range include:
The lifetime tracker product has a new low rate of 2.49% with a £495 fee, available up to 75% LTV to homebuyer and remortgagers
Two-year tracker with a rate of 2.09%, with a £995 fee, available up to 60% LTV to homebuyers and remortgagers
Two-year tracker with a rate of 2.14%, with a £995 fee, available up to 70% LTV to homebuyers and remortgagers
Two-year tracker with a rate of 2.69%, with no fee, available up to 70% LTV to homebuyers and remortgagers
Two-year tracker with a rate of 2.39%, with a £995 fee, available up to 75% LTV to homebuyers and remortgagers
Two-year tracker with a rate of 2.34%, with a £995 fee, available up to 75% LTV to Santander Existing customers moving home.
Two-year fix with a rate of 2.04%, with a £995 fee available up to 60% LTV to homebuyers and remortgagers
Two-year fix with a rate of 2.24%, with a £995 fee, available up to 70% LTV to homebuyers and remortgagers
Two-year fix with a rate of 2.69%, with no fee, available up to 70% LTV to homebuyers and remortgagers
Two-year fix with a rate of 3.29%, with no fee, available up to 80% LTV to homebuyers and remortgagers
Two-year fix with a rate of 3.74%, with no fee, available up to 85% LTV to homebuyers and remortgagers
Five-year fix with a rate of 3.69%, with no fee, available up to 80% LTV to homebuyers and remortgagers
The products come with added benefits for homebuyers and remortgages.
The Homebuyer Solution offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.
SFI managing director Miguel Sard said: “We are committed to supporting intermediaries and their clients with great products, and we expect there to be strong demand for these highly competitive new deals.”
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