Santander has announced a raft of cuts across a number of its fixed-rate mortgages, including its two, three, four and five-year products.
The reductions are to be by as much as 1.10 per cent, while a new three-year fix at 70 per cent loan-to-value at 3.19 per cent with no additional fee has also been unveiled.
Phil Cliff, director of Santander Mortgages, said the organisation is striving to show its support for the housing market in the UK and noted its attempts to provide real value for its customers is evidence of this.
The industry figure added the group – which entered the UK market in 2004 – is continually looking at ways “in which we can deliver this value to homeowners . Cutting rates on a number of our fixed rate products is one of the ways we can achieve this”.
Such action is helping all kinds of homebuyers – be they first-time buyers, movers or remortgagers – he added.
