Santander releases a 80% LTV mortgage deal at just 2.74%.
Competition for smaller deposit mortgage deals is heating up, and lenders are launching lower and lower mortgage rates to attract new customers.
If you have a 20% deposit and are looking for a mortgage then Santander has a new 2 year fixed rate mortgage which could be of interested.
For 80% loan to value the lender is offering a rate of 2.74%, this would have been unheard of just a couple of months ago but rates are now coming down at all deposit levels.
Existing lower deposit mortgage rates are also reduced.
In addition Santander for Intermediaries has also reduced its 5 year fixed rate mortgage deal for up to 85% LTV to 4.14%. Existing customers looking to move home are also to benefit from lower rates, a 5 year fix at the same LTV is available at 4.09%.
A 2 year fixed rate mortgage deal for 85% LTV is also on offer at 3.59%, and for 90% LTV the rate is 4.49%.
As these mortgage deals are on offer through the lender's intermediary arm you can apply by contacting Deal Direct. We can review the rates available from Santander against the wider market to ensure you end up with the best deal for your circumstances.
For advice and a personalised mortgage quote call 0800 048 8828,
or make on online mortgage search by clicking below.
