The bank has also reduced a selection of other products to 80% LTV, as it now offers a 5-year fix at 3.44% LTV, a 2-year fix at 2.29% and a 2-year tracker at 2.04% following reductions of 0.15%, 0.20% and 0.30%.
Products are available for both homebuyers and remortgages, while they each come with a £995 booking fee.
Miguel Sard, head of Santander Mortgages, said: “This is good news all round for customers, whether they are looking to remortgage or buy a new home.
“We are delighted to end the year by offering some of the lowest rates available in the market, and both customers and brokers should take advantage of these limited offer deals while they can.”
Santander offers a free valuation and £250 cashback for new buyers, while for remortgagers it offers a free valuation and free legals or £250 cashback.
