Santander Cuts Mortgage Rates
Published: 1 October 2010 By Diane Ray Leave a Comment
Santander has reduced its five year fixed rate mortgage rates and introduced a new two year tracker mortgage.
The Santander 5 year fixed rate mortgage products will be reduced by 0.26%. including
- 5 year fixed mortgage reduced to 4.49% (previously 4.75%) and up to 70% LTV with £995 fee
- 5 year fixed mortgage reduced to 4.99% (previously 5.15%) and up to 75% LTV with £995 fee
The new 2 year tracker mortgage has no fee and is available for up to 75% LTV at 3.29%. This is a highly competitive product available to all borrowers.
As Phil Cliff, Director of Mortgages at Santander, comments “We continue to offer a variety of products to meet borrowers’ needs. This is why we have further improved our deals by cutting the rates on our existing 5-year fixes at 70 and 75 per cent LTV.
And for borrowers seeking a more short term deal, our new, market leading, two-year fee free tracker is an excellent option”.
You can get more information on the Santander website, by telephoning 0800 389 6704 or by visiting your local branch.
