Santander to cut mortgage rates by 0.26%

People looking for the best mortgage deal may be interested to hear that Santander is slashing its rates by up to 0.26 per cent.

The bank will cuts rates on its fixed and tracker products and is also launching a new two-year fixed-rate deal at 4.15 per cent with a loan-to-value LTV of 75 per cent.

Its tracker deal at 70 per cent LTV has had its rate reduced by 0.22 per cent to 2.55 per cent, while its fixed rate deals at 70 per cent LTV and 75 per cent LTV have both had their rates slashed by 0.26 per cent to 3.79 per cent and 4.29 per cent respectively.

A Santander spokesperson said: "Our latest rate reductions mean that borrowers can now access an even more competitive range of mortgages from us, both fixed and tracker. We are committed to offering competitive deals to help and support borrowers and expect these latest rate reductions, and our new two-year fix at 4.15 per cent with a fee of just £99, to be extremely popular."

Last month, Santander launched two 60 per cent LTV mortgage deals.
 

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2010-11-04 16:38:20 © Moneyextra.com