2
Aug
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.