Santander mortgage rates cut by up to 0.24% Go compare with our comparison table

Santander mortgage rates cut by up to 0.24%

27 August 2010 / by Rachael Stiles

Santander has announced yet another reduction on a selection of its mortgage rates.

Effective from today, a selection of Santander mortgages will be up to 0.24 per cent cheaper, including some fixed rate and tracker mortgages.

The cheaper range of mortgages includes a two year fixed rate mortgage, now available at 2.75 per cent for up to 60 per cent loan to value and with a fee of £1995; a four year fixed rate reduced to 4.75 per cent and up to 75 per cent LTV with a £995 fee; and a five year fixed rate at 4.75 per cent with up to 70 per cent LTV with a £995 fee.

Two new products have also been added to Santander's mortgage range, including a two year fix at 3.90 per cent for up to 75 per cent loan to value, with no fee, and a two year tracker mortgage is on offer at 3.09 per cent, for up to 70 per cent loan to value, also with no fee.

These Santander mortgages are available through the lender's Homebuyer Solution, which includes a free basic valuation and £250 cashback upon completion.

Commenting on the reduced rates and new products on offer, a spokesperson for Santander said: "It's great news for borrowers that rates are coming down on fixed deals. Whether they're looking to remortgage or purchase a house, we have some extremely competitive deals in our range.

"As the ‘Home of UK mortgages', we want to ensure we can provide customers with a good variety of products to suit their needs."

© Fair Investment Company Ltd

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*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).


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