Would be homeowners in the UK might be pleased to learn that the international Santander Bank has recently reduced its high loan to value rates. The eighty five per cent two year fixed rate has now been decreased to 1.45% if the borrower pays a 999 pound fee. With no fee, the rate is 1.74%. A Santander executive in charge of mortgages comments that the bank has lowered fees to make it easier for people to buy a home. The bank has also reduced its five year loan rates.
- Santander is known for its high LTV rates on the market. But the city has recently decided to cut its high LTV rates.
- That is a good sign for buyers or current home owners on the market. Mortgage instructor is ready to explain the basics of the new terminology on hand.
- House buyers have taken a new look at Santander and its houses. That represents a great buying opportunity for anyone now interested in options.
“Santander has cut high loan-to-value fixed rates – as 85% LTV 2-year fixes now cost 1.45% with a £999 product fee and 1.74% with no fee.”