26 Nov

New mortgage rates announced by Santander

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. ADNFCR-1222-ID-800258688-ADNFCR

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