Santander has reduced rates on its fixed two and five year products across its 60%, 75% and 85% loan to value (LTV) zero fee range.

The new deals are for customers looking to remortgage before the end of the year, who can also take advantage of the free valuation and free legals or £250 cashback.

Improvements to two year fixed rate products:

• 60% LTV 1.39% with a zero product fee, on remortgage only
• 75% LTV 1.44% with a zero product fee, on remortgage only
• 85% LTV 1.69% with a zero product fee, on remortgage only

Improvements to five year fixed rate products:

• 60% LTV 1.79% with a zero product fee, on remortgage only
• 75% LTV 1.94% with a zero product fee, on remortgage only
• 85% LTV 2.29% with a zero product fee, on remortgage only

Santander is also launching a two year fixed rate online exclusive, a 75% LTV 1.09% deal with a £1499 product fee, on remortgage only.

Miguel Sard, managing director of mortgages at Santander UK, said: “These new products are designed to support customers looking to remortgage and lock in to a lower rate. Not only are they market leading, they also come with the added benefit of having no upfront product fee.”