Santander mortgages 'set to be popular'

Date:Wednesday 3rd November 2010
Author: Susanna Kavka

Plenty of consumers are likely to be interested in a range of Santander mortgages, according to a source at the firm, after the interest rates on several products were cut.

Among the deals that are now cheaper for customers are the 70 per cent loan-to-value (LTV) tracker, which is now available at 2.55 per cent interest.

A spokesperson for Santander described how the arrangements have been created to support borrowers, with many fixed-rate agreements on offer with a fee of just £495.

"Our latest rate reductions mean that borrowers can now access an even more competitive range of mortgages from us, both fixed and tracker," the representative remarked.

The interest on tracker products was reduced by up to 0.22 per cent, while some fixed-rate deals saw their rates drop by 0.26 per cent.

Last month, Santander unveiled two new home finance deals aimed at remortgagers, while several other arrangements for such borrowers had their interest rates cut.