Santander launches two new mortgages
Santander has announced two new 70 per cent loan-to-value LTV mortgages.
Two-year tracker and two-year fixed rate deals are now available at all branches, offering rates of 2.49 and 3.44 per cent respectively.
If you are a consumer seeking cheap mortgage rates, you should also note that the bank is reducing the rate on its five-year fixed-rate deal, which is available for purchase only and includes the Homebuyer Solution.
The Homebuyer Solution consists of a free valuation and £250 cashback on completion, in addition to the competitive 5.44 per cent rate at up to 75 per cent LTV.
Phil Cliff, mortgage director for Santander, said: “Now is a great time to take advantage of the low mortgage rates available, whether customers are looking to fix or for a tracker, we have a variety of market-leading deals available.”
Last week, Yorkshire Building Society bolstered its first-time buyer range with the launch of a new member-exclusive mortgage for those with a smaller deposit.
The new offering is a five-year fixed rate at 6.49 per cent, available at up to 90 per cent LTV.