Cheap mortgage deals available at Santander

Santander is launching two new 70 per cent loan-to-value LTV mortgages, it has been announced.

Two-year tracker and two-year fixed rate deals are now available at all branches, offering rates of 2.49 and 3.44 per cent respectively.

Consumers seeking cheap mortgage rates should note that the bank is also reducing the rate on its five-year fixed-rate deal, which is available for purchase only and includes the Homebuyer Solution.

This consists of a free valuation and £250 cashback on completion, in addition to the competitive 5.44 per cent rate at up to 75 per cent LTV.

Phil Cliff, mortgage director for Santander, said: "Now is a great time to take advantage of the low mortgage rates available, whether customers are looking to fix or for a tracker, we have a variety of market-leading deals available."

Last week, Yorkshire Building Society bolstered its first-time buyer range with the launch of a new member-exclusive mortgage for those with a smaller deposit.

The new offering is a five-year fixed rate at 6.49 per cent, available at up to 90 per cent LTV.

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-02-03 13:10:42 © Moneyextra.com