Santander cuts rates on 80% deals

Santander has cut the rates on its 80% LTV mortgages by 0.74%.

The new deals include a 3.25% two-year tracker deal with a £995 fee for purchase. The Homebuyer Solution with a free valuation and £250 cashback on completion is included in this deal.

The other deal is a 3.25% two-year tracker with a £1,495 fee for remortgage customers with the Remortgage Solution including free legals and a free valuation.

A 4.95% two-year fixed-rate deal with a £995 fee for purchase only including the Homebuyer Solution is also featured in the new range.

Phil Cliff, mortgage director for Santander commented: "We are committed to offering our customers the most competitive rate. Where borrowers can, saving a bit extra for their deposit is definitely worth it as they will benefit from a much lower rate on their mortgage."