9
Nov
Santander helps homebuyers with cut rates
People looking to secure the finances to buy houses for sale in the
UK have been given help by Santander after the bank revealed it has
cut its fixed-rate products.
The financier announced it has reduced its fixed-rate mortgages by
up to 0.3 per cent as of last Friday (November 5th 2010).
It said that its latest changes will enable customers to enjoy
"stability in their mortgage payments".
Andy Smith, a spokesman for Santander, said that the latest
products are likely to appeal to people who want the "security of a
fixed-rate mortgage".
He stated: "Our market leading four-year deals are sure to appeal
to borrowers wanting to lock into a great rate for the longer
term."
Among the offers is a five-year fixed-rate deal at 70 per cent
loan-to-value (LTV) with a rate reduced by 0.3 percentage points at
4.69 per cent.
Last week, the financial services provider also reduced costs on
some of its existing fixed-rate and tracker products, including
lowering a two-year tracker at 80 per cent LTV by 0.22 percentage
points to 2.55 per cent. 