19
Nov
Santander makes further mortgage reductions
Santander has made a further reduction on its mortgage rates to
encourage people to purchase properties for sale in the UK.
The financier has announced that people will be able to take out
two, three and five-year mortgages with rates reduced by up to 0.2
per cent from today (November 19th 2010).
At the beginning of the month, Santander cut rates on some of its
fixed-rate products, which spokesman Andy Smith stated allowed
customers "even greater choice" of secure loans.
Its latest reductions include a two-year fixed-rate for mortgages
at 70 per cent loan-to-value (LTV) at a repayment fee of 2.99 per
cent, reduced by 0.1 per cent.
Customers can also opt for a five-year fixed-rate cut by 0.2 per
cent at 4.49 per cent for a loan of 70 per cent LTV.
Director of Santander Mortgages Phil Cliff said that these products
have been created to "support customers", as they are "ideal for
those looking for the security of a great fixed-rate
deal".