26
Nov
New mortgage rates announced by Santander
Santander has announced a new raft of mortgage rates for those
looking to buy a house.
The products include tracker mortgages and fixed-rate offers, but
they will only be available to those with a bank or investment
account with Santander.
Phil Cliff, director of Santander Mortgages, stated that the new
mortgage rates are being offered as a reward for customers of the
bank.
"These additions to our product range certainly do just that,
demonstrating our commitment to offering a range of highly
competitive mortgages to meet our customers' needs," he said.
One of the new fixed-rate mortgages for home buyers is a three-year
deal at a 60 per cent loan-to-value rate at 3.59 per cent and a
£995 fee, with another spread over five years at 4.24 per cent
and £495 fee, again with a 60 per cent loan-to-value
rate.
Earlier this month, Norwich & Peterborough Building Society
revealed that it is to reduce its fees on five-year fixed-rate
products it offers to encourage more first-time buyers to sign
up. 