Santander has announced that it has slashed the fees on some of its fixed rate mortgage range by up to £500.

The rates on selected two and three year deals from the Santander fixed rate mortgage range will be cut, effective from today Friday 30 July.

The Santander mortgages which now have a fee of £495 instead of £995 include: the two year fixed rate mortgage at 3.19 per cent for up to 70 per cent loan to value; a two year fix at 3.74 per cent for up to 75 per cent LTV; a three year fix at 4.11 per cent for up to 70 per cent LTV, and a three year fix at 4.35 per cent up to 75 per cent LTV.

Santander has also cut the fees on two of its other mortgages – the Loyal Movers two year fixed rate at 3.09 per cent up to 70 per cent LTV, and the Flexible Offset mortgage at 3.49 per cent and up to 75 per cent LTV, which has had its fee cut from £1,495 to £1,250.

All of these deals are available through Santander’s Homebuyer Solution which includes a free basic valuation and cashback of £250 upon completion.

Commenting on the reduction in fees, Phil Cliff, director Santander mortgages, said: “We continue to offer an attractive range of mortgages to borrowers, and today’s fee reductions are no exception.”

“We know that upfront costs can sometimes be a hurdle for many customers,” he added.

© Fair Investment Company Ltd

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