15
Nov
Santander cuts mortgage criteria to help customers
Satander has announced it has cut the criteria needed for its
mortgage products in an attempt to help people who have purchased
houses for sale in the UK.
The financial services provider has confirmed that from today
(November 15th 2010), a two-year tracker mortgage will be available
at 60 per cent loan-to-value (LTV) at a rate of 2.09 per
cent.
It has been released to help Current Account customers who are
looking to remortgage and the financier has reduced the criteria
required to become one of its loyal consumers to enable more people
to be eligible to benefit from the product.
Director of Santander Mortgages Phil Cliff said: "Slashing the
qualification criteria to three months ensures that existing
Santander Current Account customers … can make the most of
this opportunity and get a great product."
Earlier this month, the group announced the reduction of its
fixed-rate mortgages by 0.3 per cent and introduced a new
fixed-rate loan at 75 per cent LTV, available at a rate of 4.99 per
cent. 