Santander remortgage deals 'market leading'

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Santander remortgage deals 'market leading'

A new fixed rate remortgage deal from Santander is a market leader, according to a source from the lender.

Phil Cliff, director of mortgages at the firm, said the 75 per cent loan-to-value arrangement at 3.59 per cent interest is "ideal" for people moving house.

He also noted that the deal could be suitable for customers who want to switch their mortgage to a fixed option in order to protect themselves from any imminent base rate changes.

Mr Cliff remarked: "As the Home of UK Mortgages we are committed to helping homeowners - whether they are first time buyers or those looking to move."

The Santander two-year fixed rate remortgage deal was launched today (April 8th) and features a £995 fee.

On Thursday, the company's chief economist Barry Naisbitt commented on the Monetary Policy Committee's decision to hold the base rate at 0.5 per cent, saying that it is sure to have been a "tight call".

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