Santander presents two new mortgages

Wednesday, 03 February 2010 12:00

Santander has launched two new mortgages for customers who need to borrow up to 70 per cent of their property's value.

A two-year fixed-rate mortgage with a rate of 3.44 per cent is now available with a fee of £995. And a two-year tracker is also being launched with a 2.49 per cent rate and a £995 fee.

Meanwhile, Santander is also cutting the rate on its five-year fixed rate mortgage to 5.44 per cent. This is available for 75 per cent loan-to-value deals, comes with a £799 fee and includes free valuation and £250 cashback on completion.

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."

The newly-launched mortgages are both available for purchase or remortgage deals. The five-year fixed rate is for purchases only.

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