Mortgage Rates Cuts From Santander
Reducing two, four and five-year fixed rates by up to 0.24 per cent. New two-year fixed at 3.90 per cent, up to 75 per cent LTV with NO fee and includes home buyer solution.

LEICESTER, ENGLAND, August 28, 2010 /24-7PressRelease/ -- From the end of August 2010, borrowers will be able to benefit from further reductions to Santander's mortgage rates. In particular, two, four and five-year fixed products are reducing by up to 0.24 per cent. The new competitive range includes:

- Two-year fixed reduced to 2.75 per cent (previously 2.85 per cent) and up to 60 per cent LTV with GBP1995 fee available to all borrowers
- Four-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 75 per cent LTV with GBP995 fee including the Homebuyer Solution (free basic valuation and GBP250 cashback on completion)
- Five-year fixed reduced to 4.75 per cent (previously 4.99 per cent) and up to 70 per cent LTV with GBP995 fee including the Homebuyer Solution (free valuation and GBP250 cashback on completion)

Santander, the 'Home of UK Mortgages', is also introducing some new fixed and tracker products:
- NEW two-year fixed at 3.90 per cent and up to 75 per cent LTV and NO fee including the Homebuyer Solution (free valuation and GBP250 cashback on completion)
- NEW two-year tracker at 3.09 per cent and up to 70 per cent LTV with NO fee including the Homebuyer Solution (free valuation and GBP250 cashback on completion)

A Santander spokesperson said: "It's great news for borrowers that rates are coming down on fixed deals. Whether they're looking to remortgage or purchase a house, we have some extremely competitive deals in our range. As the 'Home of UK mortgages', we want to ensure we can provide customers with a good variety of products to suit their needs."

For more information on mortgages from Santander, log on to http://products.santander.co.uk/mortgages.htm, telephone 0800 389 6704 or visit your local Santander or Alliance & Leicester branch.

Press Release Contact Information:

Nicola Hussey
Santander
Senior Communications Relations
Carlton Park
Narboroug, Leicester
UK LE19 0AL
Voice: 020 7756 4209
Website: Visit Our Website