Santander is launching its lowest ever 10-year fixed rate mortgage tomorrow (17 December).

It will be available at 3.44% up to 60% LTV, with a £995 fee.

Santander has also made further cuts to selected three and five-year fixes. Available in branches, over the telephone and via intermediaries, the new rates are:

· Three year fix at 2.54% (reduced by 0.15 percentage points), available up to 70% LTV for homebuyers and remortgagers with a £995 fee
· Five year fix at 4.45% (reduced by 0.54 percentage points), available up to 90% LTV for homebuyers. This product has no booking fee.

Remortgagers can also continue to take advantage of Santander’s lowest ever two-year remortgage fixed rate, at 1.84% available up to 60% LTV with a £995 booking fee.

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, managing director of mortgages at Santander UK, said: “With the launch of our new 10-year fix we are widening our range of mortgage options on offer.

“Whether you want the security of a 10-year fix, or simply the reassurance of a shorter-term deal, we are currently offering some of the lowest fixed rates on the market.”