Santander launches 2.24% five-year fix
Santander for Intermediaries has launched an impressively low long-term fixed rate mortgage.
Trinity Financial has access to the 2.24% intermediary-only exclusive rate and it is fixed until 2 August 2021.
After 2 August 2021, the mortgage will revert to the lender’s standard variable rate which is currently 4.74%. The APRC applicable on this loan is 3.82%.
Aaron Strutt, product manager at Trinity Financial, says: “Lenders are fighting to tempt borrowers into action and NatWest for Intermediaries has just improved its five-year fix. It is actually 0.01% cheaper than Santander's rate.
“If you are purchasing a property, Santander will pay for the property valuation and provide £250 cash back. If you are looking to remortgage, it will pay for the property valuation and legals.”
Santander's mortgage has a £995 arrangement fee and early repayment charges apply until 2 August 2021. Applicants will require a 40% deposit.
The maximum loan size is £1 million although NatWest can provide much larger mortgages.
To secure a five-year fixed rate mortgage call Trinity Financial on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
