Santander announces mortgage exclusives

Santander has announced that new three and five-year fixed and two-year tracker products are available to existing Santander Current Account and Investment customers.

The provider has also revealed a reduction of 0.04 per cent on 60 per cent loan-to-value two-year fixed to 2.65 per cent.

The products are all available exclusively to existing Santander Current Account customers who have held the account for at least three months and existing investment customers.

Phil Cliff, director of Santander Mortgages, remarked: "As the 'Home of UK Mortgages', we want to ensure we can reward our existing customers and these additions to our product range certainly do just that, demonstrating our commitment to offering a range of highly competitive mortgages to meet our customers' needs."

Earlier this week, Ben Wilkie, editor at What Mortgage, claimed that Britons are currently having to "gamble" on the course of the interest rate by choosing between taking out a fixed or standard variable rate mortgage .

However, he observed that homeowners would need interest rates to rise by "at least one per cent" before fixed-rate deals become the best option.