Santander is launching its lowest ever two year fixed rate tomorrow (28 November).

The deal, which is available for a limited period only, is available exclusively to remortgagers, and offers a 1.84% rate up to 60% LTV with a £995 fee.

New two and five year rates on offer are available to both homebuyers and remortgagers via Santander in branches, over the telephone and via intermediaries and come with a £995 booking fee. They include:

• Two year fix at 2.29% (cut by 0.20 percentage points), available up to 80% LTV for homebuyers and remortgagers
• Five year fix at 3.44% (cut by 0.15 percentage points), available up to 80% LTV for homebuyers and remortgagers,
• Two-year tracker at 2.04% (cut by 0.30 percentage points) available up to 80% LTV for homebuyers and remortgagers

All of these mortgages come with Santander’s Homebuyer or Remortgage Solutions, offering a free valuation and £250 cashback for those buying a new home, and a free valuation and free legals or £250 cashback for those remortgaging.

In addition, Santander 1|2|3 Current Account customers who pay their monthly Santander mortgage payment by Direct Debit will receive 1% cashback on maximum monthly mortgage payments of £1,000.

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.”