Starting April 4, Santander will reduce some new business first-time buyers for two-year fixed rates and some residential porters for two-year fixed rates, up to 0.09%.
The lender also cut the fixed interest rate for home cashing for about two years by 0.10%.
Santander’s new business has no change in the rate of large loans, new builds, purchases or tracking.
For new businesses, fixed interest rate reductions include: FTBS – All 60% LTV 2-year fixed interest rate reductions up to 0.07%.
For FTBS – All 85 – 95% LTV two-year fixed interest rate decreased by 0.08%.
For residential porters – about 60-75% of LTV’s two-year fixed interest rate fell by 0.09%.
For residential reversal – about 60-75% of LTV two-year fixed interest rates fell by 0.07%.
All 75% RESI RESI REMORTAGE LTV 5-year fixed interest rate decreased by 0.10%.
For product transfers, fixed interest rates are reduced including residential – about 60-75% of LTV’s two-year fixed interest rate reductions up to 0.07%. And for residential use, all 75% of LTV’s five-year fixed interest rate is reduced by 0.10%.
