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Santander current account holders offered mortgage deal Santander has made new mortgages available to its current account holders.People with a Santander bank account who are also searching for a competitive mortgage deal might be interested in a new offer from the financier.Under the terms of the lender's deal, which is available as of today (November 26th 2010), those holding a current account with it are exclusively eligible to apply for special two, three and five-year tracker mortgage products.For example, the two-year package involves a 70 per cent loan-to-value (LTV) rate at 2.3 per cent and a fee of £995, while the three-year option can be taken out at 60 per cent LTV at a rate of 3.59 per cent.In addition, Santander has reduced its 60 per cent LTV two-year fixed produce by 0.04 per cent to 2.65 per cent.Phil Cliff, director of mortgages at the bank, commented these deals are designed to demonstrate its commitment to "offering a range of highly competitive mortgages to meet our customers' needs".This comes after Mark Garner of LettingZone suggested recently that people may be better off buying a home rather than renting in the current financial climate as rents are...more
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