by Gary Webber
24. February 2010 23:48
Santander cuts its fixed rates today by up to 0.40 per cent
Responding to a general increase in mortgage market competitiveness, Santander has trimmed the rates on its five-year fixed rate mortgages by up to 0.25 per cent. The range includes a 4.99% deal for purhases only (70 per cent LTV limit, £995 fee), or 5.15 per cent for remortgage customers (75 per cent LTV limit, £995 fee).
Santander tracker mortgages also get trimmed by up to 0.40. We supsect the Spanish megabank might have further cuts up its sleeve, but for now these deals represent a good show for borrowers looking for medium-range rate stability on purchase mortgages.
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