Santander Lowers Two-Year Fixed-Rate Mortgage to Under 4%
Homebuyers and Remortgagers Can Now Secure a Two-Year Fixed-Rate at 3.99%
Santander has today announced that it is cutting its two-year fixed-rate mortgage to 3.99%, making it one of the most competitive deals on the market. The new rate is available for both purchase and remortgage customers, and comes with a £999 fee. The move comes as the Bank of England is widely expected to raise interest rates again at its next meeting in August.
Key Features of the New Two-Year Fixed-Rate Mortgage from Santander
- Fixed interest rate of 3.99% for two years
- Available for both purchase and remortgage customers
- £999 fee
- Early repayment charges apply
The new two-year fixed-rate mortgage from Santander is a competitive option for borrowers who are looking for certainty in their monthly repayments. With interest rates expected to rise further in the coming months, locking into a fixed rate now could save you money in the long run.
However, it is important to remember that fixed-rate mortgages typically come with early repayment charges, so you should factor this into your decision if you think you may need to move house or remortgage in the next few years.
If you are considering taking out a mortgage, it is important to shop around and compare the different deals that are available. You should also speak to a mortgage advisor to get personalized advice on which mortgage is right for you.
The table below shows a comparison of the two-year fixed-rate mortgages from Santander and other leading lenders.
| Lender | Two-Year Fixed-Rate | Fee | |---|---|---| | Santander | 3.99% | £999 | | Halifax | 4.09% | £999 | | Nationwide | 4.19% | £999 | | Barclays | 4.29% | £999 | | Lloyds Bank | 4.39% | £999 |As you can see, Santander's two-year fixed-rate mortgage is one of the most competitive deals on the market. If you are looking for a fixed-rate mortgage, it is definitely worth considering.
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