Fixed-rate mortgages reduced by Santander

Monday, 02 August 2010 12:00

Santander has announced it is reducing fees on selected two and three-year fixed mortgages by £500.

The organisation will also be cutting the costs on its two-year deal for Loyal Movers to £495 and is slashing its Flexible Offset to £1,250.

Buyers of the products will receive Santander's homebuyer Solution, which includes £250 cashback and a free basic valuation.

Phil Cliff, mortgage director at the provider, said the fee reduction is a continuation of "the home of UK mortgages'" attractive product range.

He added the extra incentives should "relieve some of the extra costs that come with buying a home."

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