What mortgage rates are available at Santander?
Santander now offers 5% mortgages to help young buyers on to the property ladder, as well as a number of high loan-to-value (LTV) mortgages that can be accessed through third-party brokers. These include an 85% LTV mortgage on a five-year fixed rate for 3.14% with a £999 arrangement fee and a 90% LTV deal on a two-year fixed rate at 2.59% with a similar initial charge.
The bank’s Standard Variable Rate has stayed constant at 4.7% since October 2012, but it is still subject to change at any time so make sure you have the correct figures before you commit.
When you take a mortgage with the bank you also get Santander’s Homebuyer Solution, which includes a free valuation on any home up to £2.5 million in value. You also get £250 cashback when you complete.
Should I compare the market?
Santander has a solid range of mortgages that may well suit your needs. Before you commit to any long-term financial product though, you should do a thorough comparison with other mortgage providers. A number of mortgage providers want your business and that means the offers change all the time. Some focus on introductory offers, others provide a longer fixed-rate and others will offer payment holidays or other flexible terms.
So make sure you have the full facts at your disposal and make sure that you have compared the best mortgages on the market right now. We can help you there – why not take a look at our mortgage tables to find the right one for you.
All Santander mortgage details are based on information provided on santander.co.uk data on 21 April 2016