27 Sep

Santander launches mortgage for 'peace of mind'

Santander launches mortgage for 'peace of mind'

Homebuyers looking to secure finance for a house for sale in the UK have been given peace of mind with the introduction of a new mortgage offer from Santander.

Last Friday (September 24th 2010), the financial services provider released its new four-year fixed-rate product at 4.75 per cent, which comes with a booking fee of £495.

It is available on products with 75 per cent loan-to-value and can only be taken out by existing mortgage customers.

Director of mortgages at the organisation Phil Cliff said the new mortgage is being offered to give borrowers "peace of mind" from the fixed-rate loan.

"As the 'home of UK mortgages', we want to ensure we can reward our loyal customers and this product certainly does fit a gap in the market," he added.

This comes one month after Santander announced reductions on its mortgage products, dropping its two, four and five-year fixed-rate loans by up to 0.24 per cent.ADNFCR-1222-ID-800084236-ADNFCR

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