90% for Loan to Value available along with selected rate cuts from Santander

Another pair of 90% Loan to Value mortgages has been added to Santanders range and expanded accessibility after re-entering the market two weeks ago.

Santander has now opened its 90% Loan to Value products to all mover types – initially for first time buyers it re-launched a two five-year fixed only products but now has added a pair of two-year fixes to the range at 3.55% with a £999 fee and at 3.74% with £0 fee – both these products are 0.05% lower than the five-year equivalents.

Rate cuts

Thirteen of Santander product rates have been cut at 60% Loan to Value by up to 0.15%.

The largest reduction has come on the two-year fix for purchases with zero fee which has been cut to 1.64%, while the five-year version has been trimmed 0.08% to 1.85%.

Two Help to Buy deals with standard and nine-month completions have also been reduced by 0.14% to 1.64% and 1.69% respectively.

“We’ve been working hard to improve our service so we can continue supporting you and your clients, and we’re now in a strong position to be able to improve our pricing,” Santander said.

“On Tuesday 2 February, we’re widening availability of our 90% Loan to Value fixed rates to all mover types and expanding the 90% Loan to Value range by adding new two year fixed rates.

“We’re also reducing residential and selected Help to Buy 60% Loan to Value two and five-year fixed rates up to 0.15%.”