Santander has revealed that it is to offer a new range of products to cater for larger mortgages again.
Customers will be able to apply for loans of up to £2.5 million, with interest rates starting from 2.34 per cent.
The bank has said that mortgages worth up to £1.5 million will be available as part of these products – the first time this has been the case since the start of the credit crunch.
There are three different offerings in total, with the two-year fix deal being the lowest interest rate mortgage, followed by a lifetime tracker loan at 2.59 per cent.
Finally, a five-year fix can be chosen – which will see consumers pay a 3.24 per cent rate.
Customers will pay a fee of £1,995 in order to access the deals, while those who opt for the lifetime tracker package will not be liable to pay an early repayment charge .
Santander said that it had decided to reintroduce the products after seeing “improved and buoyant conditions” return to the UK housing market.
