Santander for Intermediaries (SFI) has launched a new mortgage product, available exclusively through all Key Accounts.

The exclusive product is a two-year fix with a rate of 2.39% and a £995 fee, which is available up to 75% LTV to both homebuyers and remortgagers.

The product, which has a maximum loan size of £1 million, comes with the added benefit of either the Homebuyer or Remortgage Solution. The Homebuyer Solution offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Miguel Sard, managing director of Santander for Intermediaries, said: “We are very pleased to launch this market leading product to support homebuyers and remortgagers.

“The product launch coincides with the launch of our new brand, Santander for Intermediaries and we expect this fantastic deal, which is available exclusively through our Key Account partners, to be highly sought after.”