"By reducing the rates in our Help to Buy: Equity Loan product range, we hope to enable more first time buyers get a foot on the housing ladder."
Help to Buy Equity Loan products at 75% LTV are now available from 1.39% for a two-year fixed rate, rising to 1.49% for a 30-month fixed rate and 2.44% for a five-year fix.
Zero fee fixed rates now start from 1.54% at 60% LTV for purchase and remortgage fixed for two years, with a five-year fix available at 1.99%.
75% LTV rates start from 1.64% fixed for two years and 2.29% fixed for five years.
A fee-free five-year fixed rate is also available to first-time buyers at 2.19%.
Finally, Santandar has launched an online exclusive 75% LTV five-year fix at 1.89%, with a £999 product fee.
Miguel Sard, Managing Director of Mortgages at Santander UK, said: “By reducing the rates in our Help to Buy: Equity Loan product range, we hope to enable more first time buyers get a foot on the housing ladder. For home movers and those wanting to take the next step, we know that added costs can mount up, which is why we have made the changes to our range to reflect this.”
