New Santander fixed rate mortgages launched

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New Santander fixed rate mortgages launched

Two new fixed rate mortgages have been unveiled by Santander, with a representative from the company highlighting how it is not the only change being brought in.

The home finance deals are both available at up to 80 per cent loan to value (LTV), with interest at 4.38 per cent.

Director of Santander mortgages Phil Cliff pointed out that applicants will also benefit from the Homebuyers - or Remortgage, depending on which arrangement they sign up for - Solution, which rewards individuals with a free valuation and £250 cashback on completion.

"We continue to look at ways to support first time buyers and believe this change will do just that, helping them to manage costs from the outset," he said.

Mr Cliff also noted that the Homebuyers Solution has been extended to a selection of 90 per cent LTV deals and interest rates on certain arrangements have been reduced by up to 0.2 per cent.

This week, the firm announced it is set to alter its overdraft charging structure, starting from March 16th 2011.

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