Santander offers mortgage paid for a year

Date:Friday 26th February 2010
Author: Susanna Kavka

Santander is offering a homeowner the chance to have their mortgage paid off for a year.

The institution has announced that consumers who currently hold or are applying for a mortgage with in with the chance of not having to pay a penny off their loan for the next 12 months.

To be eligible, all that consumers need to do is to request a full home insurance quote from the firm, a policy which was recently given a five-star rating from independent financial researchers Defaqto for the sixth year running.

Miguel Sard, director of Santander insurance UK, said: "In the current climate, offers like this are few and far between and we would encourage homeowners to make the most of the chance of this opportunity".

Those who are currently applying for a deal with Santander may well have been attracted by the recent reduction in rates by the institution, which slashed its borrowing by up to 0.25 per cent on some of its products.