Santander launches its lowest ever fixed rate mortgage
Santander for Intermediaries has launched its lowest ever fixed rate.
Their remortgage-only rate is fixed for two-year at 1.59% and it is available to homeowners with at least 40% equity in their property.
This rate is available for mortgages between £200,000 and £1 million and it has a £1,495 arrangement fee.
For borrowers with a £500,000 mortgage the monthly repayments would be £662.50 on an interest-only basis and £2,020.89 over a 25 year term on a capital repayment mortgage.
Aaron Strutt, product manager at Trinity Financial, says: “If you are on a standard variable rate or thinking about switching lenders there is a huge choice of rates at the moment.”
After the fixed rate period, the mortgage will revert to Santander’s standard variable rate, currently 4.74%. The APR is 4.3%.
For help to switch to secure a leading mortgage rate, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
