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  • Writer's pictureMatthew Pigrome

๐Ÿก Santander Takes Action: Mortgage Rate Reductions ๐Ÿ“‰

Wednesday 25th October 2023.


Great news for homeowners! Santander has recently announced substantial reductions in mortgage and remortgage rates to ease the burden of high-interest rates on borrowers. ๐Ÿฆ


Here's what you need to know:


โœ… Interest rates on selected residential purchase mortgages, remortgages, buy-to-let, and product transfers have been slashed.

โœ… Some Santander mortgage and remortgage offerings now have rates reduced by as much as 0.56 percent.

โœ… This move is part of Santander's commitment to helping homeowners cope with the rising cost of living amidst consecutive central bank rate hikes.


As central banks worldwide raise base rates to combat inflation, mortgage holders have felt the pinch in their monthly repayments. The Bank of England has recently set the UK's base rate at 5.25 percent, which is expected to hold for the foreseeable future.


Here are a few examples of Santander's updated offerings:


๐Ÿ  Residential Purchase Mortgages ๐Ÿ 

  • 60% LTV five-year fixed rate with a ยฃ999 product fee: Reduced to 4.64% from 4.95%.

  • 75% LTV five-year fixed rate with a ยฃ999 product fee: Reduced to 4.74% from 5%.

  • 90% LTV five-year fixed rate with a ยฃ999 product fee: Reduced to 5.15% from 5.44%.

๐Ÿ”„ Remortgage Rates ๐Ÿ”„

  • 60% LTV two-year fixed rate with a ยฃ999 product fee: Reduced to 5.33% from 5.64%.

  • 75% LTV two-year fixed rate with a ยฃ999 product fee: Reduced to 5.44% from 5.69%.

  • 85% LTV two-year fixed rate with a ยฃ999 product fee: Reduced to 5.94% from 6%.

If you're looking to secure a mortgage or remortgage, these rate reductions from Santander might be just what you need to make your housing dreams a reality. Contact us now for more information on these fantastic deals! ๐Ÿ’ฐ๐Ÿก


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