Santander mortgage customers 'may need to rush'

Date:Friday 29th October 2010
Author: Max Freedman

Customers who take advantage of a new Santander mortgage released today (Friday October 29th) may need to rush to ensure they benefit from its rates.

This is the view of a spokesperson for the company, who made their comments about a two-year fixed-rate at 2.99 per cent interest for up to 60 per cent loan-to-value (LTV) arrangements.

The agreement, which is only available for remortgages, must be completed by January 31st 2011 for clients to enjoy the rate offered.

Another product unveiled at the same time is a two-year tracker deal at 2.19 per cent above the base rate.

The Santander mortgage spokesperson pointed out that interest rates have been cut on several other home finance arrangements.

"Rewarding loyalty is also a priority and our latest rate cuts demonstrate our commitment to providing great products for both homebuyers and remortgagers," they remarked.

This month, the same company announced it would be cutting the interest rates on its five-year fixed-rate deals by up to 0.26 per cent.