Question
In the money section of last Sunday's Sunday Telegraph, in the front page article by Kara Gammell, she says that Abbey, which is the broking arm of Santander is launching a 4 year fixed mortgage for up to 60% of value, at 2.99%, but I cant seem to find this anywhere. Can you help or is this journalistic make believe?Answer
Abbey for Intermediaries only offers mortgages via mortgage brokers, so you want find any details on the usual Santander website. However, I've just taken a look at the Abbey for Intermediaries website and the deal doesn't appear there either.
There is a 4 year 60% LTV fixed rate of 3.99% which launched on 15 July, so the article either contains a typo or the journalist has had advance warning that Abbey will be cutting the rate to 2.99% in future - something the rest of us don't know about yet. If the latter it'll be a great deal for those worried that rates will rise over the next 4 years!
Incidentally, there is a 2.99% rate, but it's only fixed for 2 years.
I've put in a request to Santander for clarification and will post an update below when I get one.
In the money section of last Sunday's Sunday Telegraph, in the front page article by Kara Gammell, she says that Abbey, which is the broking arm of Santander is launching a 4 year fixed mortgage for up to 60% of value, at 2.99%, but I cant seem to find this anywhere. Can you help or is this journalistic make believe?Answer
Abbey for Intermediaries only offers mortgages via mortgage brokers, so you want find any details on the usual Santander website. However, I've just taken a look at the Abbey for Intermediaries website and the deal doesn't appear there either.
There is a 4 year 60% LTV fixed rate of 3.99% which launched on 15 July, so the article either contains a typo or the journalist has had advance warning that Abbey will be cutting the rate to 2.99% in future - something the rest of us don't know about yet. If the latter it'll be a great deal for those worried that rates will rise over the next 4 years!
Incidentally, there is a 2.99% rate, but it's only fixed for 2 years.
I've put in a request to Santander for clarification and will post an update below when I get one.
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