Santander is opening up its 3.94 per cent 10-year fixed rate to intermediaries later this week.
On Friday, brokers will have access to the deal, which is available to 60 per cent loan-to-value, through the lender’s intermediary brand, Abbey for Intermediaries.
The product, which has a £995 fee and a maximum loan size of £1m, is available to homebuyers and remortgagers and comes with the lender’s homebuyer solution – free standard valuation and £250 cashback on completion – or its remortgage solution – free standard valuation and either free legals or £250 cashback – respectively.
Santander launched the same product on a direct-only basis last month.
Abbey for Intermediaries managing director Miguel Sard says: “We are pleased to extend our intermediary product range with the launch of our lowest ever 10-year fix.
”We are committed to supporting the market with great rates and offering a wide range of products to meet the needs of intermediaries and their clients.”
The last three months has seen HSBC, Yorkshire Building Society and Barclays all launch sub-4 per cent 10-year fixed rates.