Find out what’s happening with today’s mortgage rates and calculate monthly repayments across a range of different rates and deals.
30 July: Bank Of England Sees Rise In Market Confidence
Santander has slashed its fixed-rate mortgage deals for residential borrowers by up to 0.2 percentage points, while buy-to-let rates have been lowered by up to 0.13 percentage points, writes Jo Thornhill.
It follows other major lenders, including Barclays, Nationwide building society and TSB, in reducing fixed rates in recent weeks (see stories below) as the market expects the Bank of England will cut interest rates in August or September.
Santander’s new residential rates, available direct and through brokers, include a five-year fixed rate for home purchase at 4.13% (60% loan to value) with a £999 fee. The equivalent deal for remortgage customers is now at 4.32%.
The bank’s two-year fixed rates now start from 4.51% for purchase and 4.67% for remortgage. Both deals require either a 40% cash deposit or equity and have a £999 product fee.
Among its…
