Santander announces new tracker mortgages

Tuesday, 14 June 2011 12:28

Santander has unveiled a selection of new products for mortgage borrowers, while rates on several existing offerings have been reduced.

Among the new options is a two-year tracker mortgage for people who are remortgaging their property, which is available for up to 70 per cent loan-to-value, with no fees and a rate of 2.99 per cent.

Remortgagers may also benefit from a 0.10 per cent reduction on Santander's two-year trackers with 70 per cent LTV, which is aimed solely at those with one of the company's Current Accounts. This option comes with a £745 fee, with rates cut to 2.49 per cent.

Phil Cliff, director of Santander Mortgages, said these rate reductions should help to make its range of products "even more attractive to borrowers looking for a great deal".

"We expect these fantastic new products to be well-received by homebuyers and remortgagers alike," he commented.

Mr Cliff added that Santander is "committed" to supporting borrowers in the UK.

Use the comparison tools to find the best deal on a new mortgage.

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