Bank to offer first two-year deal under 4% with rivals likely to follow suit

The first sub-4% mortgages for months are going on sale handing a much-needed boost to first-time buyers and those worried about refinancing their home loan.

Santander on Thursday will start offering fixed rate deals at 3.99% lasting for two and five years. However, eligible borrowers need a 40% deposit, or a sizeable amount of equity to access the deals.

Continue reading…Mortgage rates, Mortgages, Interest rates, Banks and building societies, Economics, Business, Money, Property, Housing market, Real estate, UK news, Stamp duty, Banco Santander, BankingRead More

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