Santander cuts mortgage rates again

Santander has reduced its mortgage rates on a number of two, three and five-year fixed and two-year tracker deals.

The bank has reduced a selection of its two-year fixed-rate deals including a 0.14 per cent cut on its fix at 70 per cent loan to value LTV for current account remortgagers, which is now on offer at 3.95 per cent.

Santander is also offering a market-leading rate of 3.87 per cent on a three-year fixed-rate mortgage at 70 per cent LTV after a rate reduction of 0.12 per cent.

Phil Cliff, director of Santander Mortgages, said that the lender is committed to offering the most competitive mortgage rates on the market and is delighted to be able to support its customers with the latest rate cut.

The lender has launched a new five-year fix at 75 per cent for loyal movers, with a highly competitive rate of 4.59 per cent and a £995 fee.

Existing Current Account customers can still take advantage of its recently launched exclusive two-year tracker 60 per cent LTV at 2.09 per cent with a £995 fee available.
 

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2010-11-22 13:18:54 © Moneyextra.com