Santander UK cuts rates across more than 70 mortgage products

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Santander UK has cut rates across more than 70 mortgage products and introduced £250 cashback on low deposit deals. It will be good to see if more prominent lenders decide to cut their fixed-rate mortgages in the weeks ahead Rachel Springall, Moneyfactscompare.co.uk There is also a house purchase mortgage for borrowers with a 15% deposit with a two-year fixed rate of 4.69% and a £999 fee. According to financial information website Moneyfacts, across all deposit sizes, the average two-year fixed homeowner mortgage rate is 5.47% and the average five-year fixed rate is 5.25%. Graham Sellar, head of intermediary channels at Santander, said: “We’re pleased to deliver this bumper range of rate cuts across more than 70 products, alongside adding cashback for those looking at higher LTVs.” Rachel Springall, a finance expert at Moneyfactscompare.co.uk, said: “It’s good to see a prominent lender making the decision to cut fixed mortgages and the two-year fixed deals from Santander are particularly competitive.