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There is a slight tweak to its two-year fixed rate at 60percent LTV from 6.02percent to 5.96percent with a 1,495 fee. The bank will allow customers with pre-booked mortgage rates due to start on Sunday 3 September to cancel up until 10pm on Wednesday 23 August. Usually, Santander does not permit cancellations within 14 days of a mortgage start date. The new rates will be effective from tomorrow when specific mortgage deals will be live to view on Santander’s website. All major lenders have reduced their fixed rates over the past few weeks.
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Newcastle building society has reduced selected buy-to-let fixed rates by up to 0.36 percentage points. It is offering a five-year fixed rate at 5.55percent (80percent LTV) and equivalent two-year deals from 5.85percent. Halifax for Intermediaries is cutting selected fixed rates by up to 0.25 percentage points, also from tomorrow. Among its new deals Spanish-owned Santander is offering a five-year fixed rate for home purchase at 4.39percent with a 999 fee.
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