3
Nov
Santander cut mortgage rates on houses for sale UK
Santander has announced that from today (November 3rd 2010) its
mortgage rates will be reduced to help people looking for houses
for sale in the UK.
The financial services provider has launched a new two-year
fixed-rate loan at 4.15 per cent for mortgages with a 75 per cent
loan-to-value (LTV).
It has also cut the rates on some of its existing fixed-rate and
tracker products, including reducing its two-year tracker at 80 per
cent LTV by 0.22 percentage points to 2.55 per cent.
A spokesperson for the group said that the new deals have been
launched in order to help borrowers find a good offer.
"We are committed to offering competitive deals to help and support
borrowers and expect these latest rate reductions … to be
extremely popular," it was stated.
Last month, Santander released two new mortgage products of 60 per
cent LTV on its two-year tracker and fixed-rate loans.