US EditionMortgage rates cut below 4% as competition picks up
- Santander UK is launching the first sub-4% interest mortgages of 2025, offering two- and five-year fixed rates at 3.99% for customers with a 60% Loan to Value starting February 13.
- Homebuyers will face a fee of £1,999, while remortgagers will pay £1,749, according to Santander's announcement.
- David Morris, head of homes at Santander, stated that these new products will positively impact customers throughout the home-buying journey.
- Experts suggest this move by Santander could trigger a mortgage price war, despite concerns about higher fees and limited competition in the market.
15 Articles
15 Articles
I want to get a fixed mortgage but what if I move before the term ends?
Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at money@inews.co.uk.Question: I want to get a fixed mortgage – but what if I move before the term ends?Answer: It’s great that you’re con…
The reduction in mortgage interest in 2024 increased the demand for home purchase, which remained on the rise in the face of a rent market increasingly under pressure from the lack of supply. The picture has intensified in the start of 2025 with even more cuts in mortgage lending rates and even harsher mortgage warfare in the face of bank improvements in the linkages it offers, all driven by the downward adjustment of the monetary policy of the …
Swindon Advertiser
Santander mortgage rates to drop below four per cent
Mortgage rates below four per cent are returning to the market, as Santander UK launches new products
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