Santander cuts mortgage rates again

Santander has reduced some of its most competitive mortgage rates by up to 0.16 per cent to provide its customers with cheap mortgages.

Customers looking for a two-year fixed remortgage at 75 per cent loan to value LTV will have access to a new rate of 3.89 per cent, a reduction of 0.16 per cent, with a fee of £99.

The current account exclusive rate has been reduced by 0.10 per cent on two-year fixed-rate remortgages at 75 per cent LTV, which has reduced Santander's rate to 3.85 per cent.

Phil Cliff, director of Santander mortgages, said: As well as cutting rates by up to 0.16 per cent, we have also launched a new exclusive first-time buyer mortgage to support borrowers trying to buy their first home."

Santander's new three-year fixed mortgage for first-time buyers putting down a 15 per cent deposit is available at a rate of 5.69 per cent with a £495 fee.

The current reduction is the latest in a long line of new and improved products from Santander, which included new three and five-year fixed-rate products available at 60 per cent LTV, introduced last month.
 

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

Back

2010-12-02 13:45:18 © Moneyextra.com