View more on these topics

Santander launches 0.99 % 18-month fixed rate

Santander has launched its lowest-ever fixed rate mortgage, a 0.99 per cent 18-month loan at 60 per cent LTV.

The loan has a £1499 product fee and has a short-term borrowing option.

Sard_Miguel_Abbey_2013-700x450.jpg

The lender has also added £250 cashback to its 1.89 per cent five-year fixed rate purchase and remortgage loan, at 60 per cent LTV and with a £999 fee.

Santander has also cut rates on its 90 per cent LTV two-year fixed rate first-time buyer loan to 2.24 per cent.

The loan has a £999 fee.

Also, Santander for Intermediaries has new rates across its range of Help to Buy: equity loan products.

The broker-only lender is now selling a 1.54 per cent two-year fix at 75 per cent LTV, with a £999 fee.

It is also offering a 1.64 per cent 2.5-year fixed rate loan at 75 per cent LTV with a £999 fee.

Santander for Intermediaries is also selling a 2.04 per cent 2.5-year fixed loan at 75 per cent LTV, with no product fee.

Santander UK managing director of mortgages Miguel Sard (pictured) says: “I am very pleased to announce our lowest-ever short term fixed rate mortgage.

“We appreciate that in today’s interest rate environment, some customers like to lock into a rate and value knowing the certainty of their monthly repayments.”

Recommended

Santander-700x450.jpg

Santander increases interest only lending age to 70

Santander is increasing its maximum interest only mortgage lending age from 65 to 70. The new age limit will be introduced from Tuesday 7 February and the lender says the motivation for the change is to provide interest only customers with “greater choice in how they manage their mortgage repayments, whilst also supporting borrowers who […]

Santander-700x450.jpg
1

Santander to review controversial buy-to-let clause

Santander will review a clause in its buy-to-let contracts after the lender came under fire for asking landlords to increase rents by “as much as can be reasonably achieved” whenever possible. Mortgage Strategy was contacted by a private landlord who had spotted the clause in her mortgage contract and was concerned about the effect this […]

Santander-700x450.jpg
2

Santander under fire for pushing landlords to hike rents

Santander has come under fire for a clause in its buy-to-let mortgage contracts that asks the landlord to increase rents by “as much as can be reasonably achieved” whenever possible. Mortgage Strategy was contacted by a private landlord who had spotted the clause in her mortgage contract and was concerned about the effect this would […]

A funny old year

The past 12 months have been turbulent – just take a look at this chart of the FTSE 100 over the last year. There have been some points which I’m sure would have caused your clients some concern, and possibly even had them looking for an alternative investment with reduced volatility; perhaps without reducing their […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Close

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now