From Friday 3 October, Santander will be supporting its existing mortgage holders who are looking to move home with a range of exclusive new products.

Customers will be able to take advantage of some of the most competitive rates on the market, with fixed and tracker products starting from as low as 2.04%. They include:

-? Two year tracker at 2.04%, up to 75% LTV
-? Two year fix at 2.49%, up to 80% LTV
-? Five year fix at 3.44%, up to 75% LTV

In addition to these new products, Santander is also reducing its five year fixed rate Existing Mover Exclusive from 3.79% to 3.59% (up to 80% LTV).

All of our Existing Mover Exclusive products come with a booking fee of only £995, plus Santander’s unique Homebuyer Solution offering a free valuation and £250 cashback for those buying a new home[1].

Santander 1|2|3 Current Account customers who pay their monthly Santander mortgage payment by direct debit will also receive 1% cashback on maximum monthly mortgage payments of £1,000.[2]

Miguel Sard, Head of Mortgages at Santander, said: “We are delighted to reward our existing mortgage customers with some of the most competitive deals on the market. These new rates, together with our offer of 1% cashback to our 1|2|3 Current Account holders, clearly demonstrate our commitment to supporting our customers, both new and existing, as they make their way up the housing ladder.”

Notes:

[1] The borrower only needs to repay the cashback paid if they repay the mortgage within the first two years.

[2] 2) The maximum mortgage payment amounts that qualify for cashback are limited to £1,000 per month (for either single or multiple monthly direct debits from a Santander 1|2|3 Current Account). Mortgage cashback applies to Santander UK plc mortgages, excluding commercial mortgages.