15 Nov

Santander cuts mortgage criteria to help customers

Santander cuts mortgage criteria to help customers

Satander has announced it has cut the criteria needed for its mortgage products in an attempt to help people who have purchased houses for sale in the UK.

The financial services provider has confirmed that from today (November 15th 2010), a two-year tracker mortgage will be available at 60 per cent loan-to-value (LTV) at a rate of 2.09 per cent.

It has been released to help Current Account customers who are looking to remortgage and the financier has reduced the criteria required to become one of its loyal consumers to enable more people to be eligible to benefit from the product.

Director of Santander Mortgages Phil Cliff said: "Slashing the qualification criteria to three months ensures that existing Santander Current Account customers … can make the most of this opportunity and get a great product."

Earlier this month, the group announced the reduction of its fixed-rate mortgages by 0.3 per cent and introduced a new fixed-rate loan at 75 per cent LTV, available at a rate of 4.99 per cent. ADNFCR-1222-ID-800236462-ADNFCR

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