Santander cuts fixed mortgage fees by £500

In addition it is also reducing the fee on its two year fixed for Loyal Movers to £495 and its Flexible Offset to £1,250.

All products come with Santander's Homebuyer Solution which includes free basic valuation and £250 cashback.

The new competitive rates are as follows:

  • Two-year fixed at 3.19% and up to 70% LTV with a £495 fee (previously £995) including the Homebuyer Solution
  • Two-year fixed at 3.74% and up to 75% LTV with a £495 fee (previously £995) including the Homebuyer Solution
  • Three-year fixed at 4.11% and up to 70% LTV with a £495 fee (previously £995) including the Homebuyer Solution
  • Three-year fixed at 4.35% and up to 75% LTV with a £495 fee (previously £995) including the Homebuyer Solution
  • Loyal Mover two-year fixed at 3.09% and up to 70% LTV with a £495 fee (previously £995) including the Homebuyer Solution
  • Flexible Offset of 3.49% and up to 75% LTV with a reduced upfront fee of £245 (previously £1,495) to £1,250 including the Homebuyer Solution
Phil Cliff, mortgage director for Santander said: " We know that upfront costs can sometimes be a hurdle for many customers so we've reduced our fees by up to £500 on many of our… fixed rate deals.

“In addition, we're also offering these deals with our Homebuyer Solution which pays for the valuation and gives £250 cashback helping relieve some of the extra costs that comes with buying a home."