Santander fixed-rate mortgages 'even more competitive'
www.moneynews.co.uk > Mortgages > Santander fixed-rate mortgages 'even more competitive'
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Money News |
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Santander fixed-rate mortgages 'even more competitive'
Fri 14th May 2010
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Phil Cliff, mortgage director at the organisation, made his comments after the firm reduced the interest rates of its two-year fixed-term mortgages by 0.14 per cent.
He described these products as "ideal for those looking for the peace of mind provided by a value-for-money fixed rate deal".
Mr Cliff also highlighted how customers of Santander two-year tracker mortgages can get added flexibility by choosing between paying a high or low fee at the start of the arrangement, which will impact on how much interest they pay each month.
People can pay £495 and get a 2.73 per cent rate or hand over £1,495 and be charged 2.53 per cent.
Chief economist at the firm Barry Naisbitt recently pointed out that the base rate has been held at 0.5 per cent for more than a year, but the publication of the Bank of England's Inflation report could be telling for what the future holds economically.
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Related News : Santander |
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