Santander announces further mortgage improvements

Santander has announced the reduction of its mortgage rates on another of its products, as part of its aim to offer borrowers the best mortgage rates on the market.

The bank is reducing the rate on an exclusive first-time buyer mortgage by 0.15 per cent.

A four-year 85 per cent loan-to-value LTV product is now available at a rate of 5.69 per cent with a £495 fee.

The mortgage is also available with Santander's Homebuyer Solution which offers a free basic mortgage valuation and £250 cashback upon competition.

Santander is also launching a new two year 75 per cent LTV fix at 3.69 per cent available exclusively to current account customers with a Remortgage Solution.

The Remortgage solution provides a fee basic valuation and the option of £250 cashback or free legal fees.

Santander's latest product reduction comes just days after it introduced a market-leading two-year 90 per cent LTV fix.
 

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2011-02-18 10:46:51 © Moneyextra.com