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

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.

Mortgage rates at fresh lows – but it may not last

Average fixed mortgage rates continued to fall this month, however much of this could be a technical adjustment rather than an indication of ongoing rate cuts – which means it may be worth switching to a new fixed rate deal sooner rather than later.

10-year fixed mortgage market flourishes

Given upcoming negotiations on the UK’s relationship with the EU, we are expected to have some uncertain times ahead. As a result, many borrowers will be seeking long-term mortgage repayment security, and happily, the 10-year market is flourishing.
 
Close