Santander launches long term fixed rate mortgage - Mortgages - News - Moneyfacts


Santander launches long term fixed rate mortgage

Santander launches long term fixed rate mortgage

Category: Mortgages

Updated: 23/03/2010
First Published: 23/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Santander has expanded its mortgage portfolio with a long term product that should appeal to house purchase applicants with a 40% deposit.

It is available via direct business only and offers a rate of 4.60% to 2.6.15, a maximum loan-to-value of 60% and a fee of £995.

The product has one of the lowest rates in the market, although it lacks incentives to further reduce the cost of the mortgage.

Four out of five Moneyfacts stars have been awarded.

Find the best mortgage for you - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.