Santander has revealed new mortgage deals available to customers, both purchasing and remortaging with the bank, including rate reductions of up to 0.3 percentage points on existing five year fixed rate deals and 0.2 percentage points on existing two year fixed rate deals.

For customers seeking to remortgage and purchase a new home with larger loans up to £3m:

• 70% LTV, five year fixed rate has decreased by 0.3 percentage points to 1.99% with £1999 product fee
• 70% LTV, two year fixed rate has decreased by 0.15 percentage points to 1.69% with £1,999 product fee
• 70% LTV, two year tracker rate has decreased by 0.1 percentage points to 1.84% with £1,999 product fee.

Santander has also reduced rates on its standard range products for customers looking to remortgage and purchase a new home:

• 85% LTV, two year fixed rate has decreased by 0.2 percentage points to 1.74% with £999 product fee.

In addition, Santander has improved offers within its key account exclusives range:

• 60% LTV, five year fixed rate has decreased by 0.05 percentage points to 1.84% with £1,499 product fee, purchase and remortgage, key account exclusive.
• Launched a new 75% LTV, five year fixed rate 2.14% with £0 product fee, purchase and remortgage, key account exclusive.

Santander has also confirmed that from Monday 3 September 2018 its minimum new business procuration fee will change to £250, bringing it in line with market competitors.

Additionally, the minimum loan amount of £25,000 to trigger the minimum procuration fee will be removed.