Santander offer a two-year fix at 1.89% and improve their large mortgage loans

by Aaron Strutt

Oct 25 2013

Santander for Intermediaries has launched a 1.89% two-year fixed rate mortgage and it has a £1,495 arrangement fee.

This mortgage is available to borrowers with a 40% deposit and the maximum loan is size is £1 million. The lender will pay for the property valuation and offer £250 cash back on completion.

Their latest two-year fixed rate at 2.14% is available for mortgages up to £1.5 million and had a £995 arrangement fee. The rate increased to 2.34% if you are looking to borrower up to £2.5 million and the arrangement fee increases to £1,995.  Santander's standard variable rate is 4.74%.

Aaron Strutt, product manager at Trinity Financial, says: “Santander offers some particularly low large loan mortgage rates and they have a generous affordability calculator. They often lend five-times income although borrowers need to have a very good credit score.”

If you would like help to secure a best buy mortgage, call us on 020 7016 0790.

October 25, 2013