Santander launches five-year fix at 2.45%
Santander for Intermediaries has launched a leading five-year fixed rate at 2.45%.
Borrowers will need a 40% deposit to access this rate and it has a £999 arrangement fee. It is available for mortgages up to £1 million.
Aaron Strutt, product manager at Trinity Financial, says: "Santander are still offering interest-only mortgages and they lend up to five times both single and joint salaries."
If you are a purchasing a property Santander provides a free property valuation and £250 cash back. They will also pay for the property valuation and standard legals fees if you are remortgaging.
After the fixed rate period, this mortgage will revert to Santander's standard variable, which is currently 4.74%. The APR is 4.1%.
If you would like help to secure a fixed rate mortgage, call Trinity on 020 7016 0790.
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