Santander launches new two-year remortgage tracker

Santander has launched a new competitive two-year tracker available exclusively to existing current account customers.

Existing customers looking to remortgage will have access to Santander's best mortgage rates as the new tracker is available at 2.09 per cent for 60 per cent loan to value LTV.

The new mortgage product has a £995 fee and comes with the remortgage solution which offers a free basic mortgage valuation or £250 cashback on completion.

Phil Cliff, director of Santander Mortgages, said that the bank's decision to slash the qualification criteria to three months will ensure that as many people as possible can make the most of the opportunity the new rate provides.

He explained that the latest competitive tracker product rewards loyal current account customers with a great rate.

Customers looking to take advantage of the new tracker must also have credited a minimum of £1,000 a month into the account over a three month period.

Last month, Santander launched a number of new mortgage rates with a tracker available at 2.19 per cent and a fixed-rate at 2.99 per cent for 60 per cent LTV.
 

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

Back

2010-11-16 12:37:42 © Moneyextra.com