Santander has announced that it will cut rates on its 80 percent loan-to-value (LTV) mortgages to create new best buy deals.
A 0.75 percent reduction will be set across its high LTV products, now offering a 3.25 percent two-year tracker, including a free valuation and cash-back on completion and a £995 fee.
Remortgaging customers can also benefit from the deal, with changes being that they have a fee of £1,496 but will have their legal fees and valuations paid for by the institution.
A two-year tracker will also be offered with a mortgage rate of 4.95 percent, with a fee of £995.
Phil Cliff, Santander’s mortgage director, said, "We have consistently offered our customers some of the best deals and these latest products are no exception."
Santander customers are also being offered the chance to have their mortgage obligations completed within a year by requesting a full home insurance quote from the bank.