Santander fixed rate mortgage holders encouraged to sign up for Zero

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Santander fixed rate mortgage holders encouraged to sign up for Zero

A source from Santander has described how one of its premium bank accounts has been designed with the financial service provider's mortgage clients in mind.

Vim Maru, director of retail products at the company, made his comments regarding the Zero deal, which does not charge fees for overdrafts or foreign usage for customers who are signed up for certain other propositions from the firm.

He said: "We developed the Santander Zero Current Account to offer those that have chosen us for their mortgage, investment or savings needs the very best bank account."

This week, the company announced the Zero offer would be extended to include those customers who have £10,000 or more put aside in any of the firm's savings accounts.

Recently, Santander revealed it had cut the interest rates on several fixed-rate mortgage products ranging from up to 60 per cent loan to value (LTV) to up to 75 per cent LTV.

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