Santander slashes mortgage rates

Nationwide slashes mortgage rates

Nationwide is slashing all of its five-year fixed and two-year tracker mortgage repayments for new customers.
Nationwide slashes fixed mortgage rates

Nationwide is reducing the majority of its two and three-year fixed rate mortgage deals for new customers.

Friday, 27 August 2010 12:00

A number of mortgage rates have been cut by Santander.

The organisation has announced its two, four and five-year fixed products will be reduced by as much as 0.24 per cent.

Included in the new deals will be the two-year fixed product, which has been slashed from 2.85 per cent to 2.75 per cent and up to 60 per cent loan-to-value with a fee of £1995 available to all borrowers.

The four-year option has been reduced from 4.99 per cent to 4.75 per cent and the five-year choice has also witnessed a decrease of the same values.

A Santander spokesperson described the deals as great news for borrowers.