2 Aug

Mortgages prices slashed 'to help borrowers'

Mortgages prices slashed 'to help borrowers'

High street bank Santander has helped those looking to purchase homes for sale in the UK by cutting the cost of its mortgage products.

According to the company, some of its two and three-year fixed mortgages will offer reductions of up to £500, while its Homebuyer solution will also be added onto any deals undergoing rate changes.

Those with funds to pay a 30 per cent deposit could take advantage of the new 3.19 per cent two-year fixed rate, which requires a £495 fee, or a similar three-year option at 4.11 per cent.

Phil Cliff, mortgage director for Santander said: "We're also offering these deals with our Homebuyer Solution, which pays for the valuation and gives £250 cashback helping relieve some of the extra costs that comes with buying a home."

Leeds Building Society also launched a new three per cent cash back mortgage that is available at up to 80 per cent loan-to-value and comes with no higher lending charge.ADNFCR-1222-ID-800010340-ADNFCR

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