First-time Buyers
Santander adds £250 cashback to its 95 per cent mortgage deals
Guest Author:
Shekina TuaheneThe lender has also reduced rates on a range of its mortgage deals by up to 0.2 percentage points
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 mortgage 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 product changes are effective from today.