Santander's tracker rate mortgages undercut their fixes by up to 0.5%

by Aaron Strutt

Jun 01 2014

Santander for Intermediaries is offering one of the lowest two-year tracker rates at 1.79% (4.3% APR) and it is 0.5% cheaper than the lenders lowest two-year fix at 2.29% (4.4% APR).

Aaron Strutt, product manager at Trinity Financial, says: “More of the lenders are offering cheaper tracker rates and this is unusual because fixes have been cheaper for quite a few years.”

In order to qualify for these mortgages borrowers will need to put down a 40% and both rates have £995 arrangement fees. After the fixed or tracker rate period the mortgages revert to the lenders standard variable rate, currently 4.74%.

Call Trinity on 020 7016 0790 for help to secure a best buy mortgage.