Santander five-year fixed-rate mortgage 'rewards loyalty'

Date:Friday 11th June 2010
Author: Max Freedman

Current account holders may find that the Santander five-year fixed-rate mortgage offers a very good rate of interest, according to a representative from the organisation.

Phil Cliff, mortgage director for the company, made his remarks after the firm unveiled two deals solely available to Santander current account customers.

He described the new five-year fixed-rate as "extremely competitive" at 4.39 per cent for up to 60 per cent loan to value (LTV).

Mr Cliff also labelled a two-year fixed-rate of 3.19 per cent for up to 70 per cent LTV as "great".

"The cost of fixed rate mortgages could rise in the not so distant future so we are keen to remind borrowers that now is a good time to lock into a fixed mortgage," he added.

Last week, the Santander mortgages spokesperson unveiled a three-year tracker mortgage at three per cent interest for up to 75 per cent LTV, which is available to all homebuyer and remortgage customers.