Santander Fixed Rate Mortgage
Our Mortgage Service - Why choose us?
Special features of what we offer include:
- Get the best fixed rate mortgage deals in the UK
- Whole of market service - we work with most UK lenders (Including Santander)
- Access to leading market mortgage rates
- Access to exclusive loan deals not available on high street
- Fast turnaround - speak to us today if you need to move quickly
- We have lenders who will take into account previous defaults and missed payments
- Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your fixed rate mortgage options call our mortgage team on 0117 313 7780 or fill in our call back form.
The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
Santander Fixed Rate Mortgage
What is a Fixed Rate Mortgage?
A fixed rate mortgage is a loan that has an interest rate that is fixed for an initial term. This means that during the fixed rate period your mortgage repayments will remain the same, regardless of fluctuating variable rates or the Bank of England’s base rate. Some of the main reasons prospective home buyers look to take out fixed rate mortgages over a tracker deal is because:
It’s easier to budget- You know exactly what you’re paying with a fixed rate mortgage which makes it easier to budget and forecast your expenditure.
Potential for savings – As the interest rates do not fluctuate on a fixed rate mortgage, you have the opportunity to save on your repayments if the SVR increases.
Short term commitment - If you are unhappy with a 2 year fixed rate mortgage you can change to different mortgage deal after the fixed rate has elapsed (bear in mind that exit fees or early repayment charges may apply in these circumstances).
Choosing a fixed rate mortgage
One of the first things to consider when choosing a fixed rate mortgage deal with Santander is the length of the deal itself. There are a variety of fixed rate mortgages on offer, ranging from 2 to 5 year fixed rate mortgages. Once you have chosen a fixed rate timescale, you will need to look for the best deal available with the deposit or equity that you are able to put down on the property. The most competitive fixed rate deals may only be available to people with a large deposit or equity in their current property, and people with a smaller deposit may find that their choice of top fixed rate deals is limited.
About Santander UK
Based in Spain, Santander is a relative newcomer to the British mortgage market, following its acquisition of Abbey National in 2004. Santander then went on to acquire Bradford & Bingley and Alliance and Leicester in 2008. Nowadays, Santander has more than 1,300 branches across the UK and offers a wide selection of mortgage deals to suit all borrowers.
To compare the latest Santander mortgage deals with other leading mortgage rates and find the best deals for you request a personalised mortgage quote.
Additionally, if you would like to find out more about what a Santander fixed rate mortgage can offer you or how to switch; you can call on of our expert current account advisers on 0117 313 7780 for a free initial consultation.