'Reduced mortgage rates' introduced by Santander

Thursday, 08 July 2010 12:00

Santander has announced it is to reduce the rates on its two and five-year fixed mortgages.

The changes will come into effect as of today (July 8th).

They include the lessening of the five-year fixed-rate to 5.25 per cent from its previous 5.44 per cent level and up to 75 per cent loan-to-value (LTV).

And the two-year fixed offer will be lowered from 3.3 per cent to 3.19 per cent and includes up to 70 per cent LTV.

Phil Cliff, mortgage director at the organisation, said: "We want to offer our customers competitive rates and a good variety of products."

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