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Santander unveils new mortgage products

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03/06/2015
Santander has launched a pair of new mortgage products for borrowers with a 15% deposit.

The lender has launched two fixed rate mortgages at 85% loan-to-value, for existing customers and others.

The first product is available to loyalty customers and is fixed for two years at a rate of 2.35%. It is available for both purchase and remortgage and comes with a £495 fee.

An equivalent product for non-loyalty customers offers the same rate and also requires a 15% deposit. However, a £995 fee applies to this product.

This follows a series of mortgage rate reductions by the lender earlier this year.

Elsewhere, TSB has also expanded the range of buy-to-let products offered through mortgage brokers.

The lender has added three more buy-to-let products to its offering, which launched last month.

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