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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 It is now over 6 months old so the content may be out of date.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.

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