Santander Cutting Rates on More Fixed Mortgage Products
Santander is once again leading the way with another rate cut. This time, the cut is being applied to its range of two, three, four and five year fixed mortgage products. The cuts are totaling more than a sizeable 1%. The starting date for the new rate cuts is September 16 of this year. The lender is also releasing a new product which is a three year fixed product at 70% loan to value at just over 3.1%. Another advantage to this product is the benefit of no fees. The bank is offering solution products known as Homebuyer and Remortgage Solutions.
Both solution products offer special deals in relation to valuations, cash back on completions and legal fees.
The director of Santander Mortgages, Phil Cliff, commented on the difference makers for the customers of Santander, saying: "Providing customers with real value underpins our continued commitment to supporting the UK housing market. As the ‘Home of UK Mortgages', we're always looking at ways in which we can deliver this value to homeowners.
“Cutting rates on a number of our fixed rate products is one of the ways we can achieve this; helping those homebuyers, whether they are first time buyers, movers or remortgagers, who need the added reassurance that a fixed monthly payment can offer over the short and longer term.”
Santander is also reaching out to customers in need of other types of banking services. A new bank account makes it possible to earn up to 300 pounds cash back and 5% in credit interest.