Santander unveils competitive mortgage rates

Santander has launched a range of new home loan products with competitive mortgage rates.

The bank has created new two year fixed rate deals on LTVs of 60, 75 and 90 per cent.

It has also reduced fixed mortgage rates on a selection of 90 per cent LTV mortgages for two, three and four year products.

The new 60 per cent LTV mortgage deal has a competitive rate of 3.39 per cent and low fee of £495, while for a higher fee of £945 on the same deal, homeowners could slash the rate to 3.19 per cent.

Phil Cliff, director of Santander Mortgages, said: "Our new two and three year fixed are perfect for homemovers, while our latest 90 per cent LTV offers a great opportunity for first-time buyers to step on to the property ladder."

The Mortgage Works has meanwhile unveiled a range of new five year fixed rate deals starting from 3.99 per cent.

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2011-05-27 12:42:14 © Moneyextra.com