8 July 2010

Santander have announced that they are reducing mortgage rates for their fixed rate mortgages.

Santander have announced that they are reducing mortgage rates for their fixed rate mortgages.

Santander mortgage rates have been reduced for their fixed rate mortgages, the bank has announced.

Santander has now reduced their five year fixed rate to 5.25 per cent and it is available to all customers, with reduced rates on two-year fixed with Homebuyer and Remortgage Solutions available.

The new reduction on fixed rate mortgages comes hot on the heels of Santanders new Grand Prix Podium Special Mortgage, which offers a three-year tracker mortgage at 3.21 per cent with no fee and 75 per cent loan to value (LTV) to new customers. Read More:

New Santander Mortgage Deals

As the Home of UK mortgages', we want to offer our customers competitive rates and a good variety of products and the latest changes to our range are no exception, commented Phil Cliff, Mortgage Director for Santander. From Thursday 8th July 21, Santander is reducing the rates on its two and five-year fixed mortgages. The new competitive Santander mortgage rates are as follows: Five-year fixed reduced to 5.25 per cent (previously 5.44 per cent) and up to 75 per cent LTV with a