Santander two-year fixed mortgage at 1.09%, max LTV 75%, £1,499 fee
211°Expired

Santander two-year fixed mortgage at 1.09%, max LTV 75%, £1,499 fee

18
Found 13th Feb
In the market for a cheap two-year fix? Santander has this deal for you:

  • Two-year fix at 1.09%
  • Max LTV 75%
  • £1,499 fee
  • Online exclusive

This deal is an “online exclusive”. This means it’s only available online at Santander.co.uk, not in branch or on the phone, or via a broker.

It’s website states: “If you apply online you need to be comfortable selecting your own mortgage without receiving advice from a Santander Mortgage Adviser.”

Not taking advice is a bit risky if you don’t know what you’re doing.

Happy to go it alone? It’s worth opting for in my opinion. 1.09% is a dirt cheap rate at the moment for a two-year deal, although the £1,499 fee is little on the high side. Generally, if you have a small-ish mortgage, the fee becomes more important. If you have a bigger mortgage, the rate is more important than the fee.

Experts predict we might see a rate rise or two this year so by opting for a two-year fix you can ride these out. But how will things look in two years’ time when the time comes to remortgage? Who knows? If I knew that I’d be rich.

How to compare mortgage deals

As always, it’s important to calculate the total cost of a mortgage deal. You can do this by adding together the total monthly payments over the fixed period (2 x 12 = 24 payments in this case) then adding any product fee minus any cashback.
Community Updates
Santander Deals

Groups

18 Comments
Good deal but interest rates can go up anytime due to Brexit caused inflation. Better get a 10 or 5 year deal .
Yeah I'm looking for longer and 1.5k is a little on the big side. Currently on 1.69 on a 2 yr off Santander. Its due October.
sam_of_london51 m ago

Good deal but interest rates can go up anytime due to Brexit caused …Good deal but interest rates can go up anytime due to Brexit caused inflation. Better get a 10 or 5 year deal .


True. But the point is it's a hot deal for a two-year fix if that's what you want - whether you should fix for longer is a whole other debate.
writergirl7436 m ago

True. But the point is it's a hot deal for a two-year fix if that's what …True. But the point is it's a hot deal for a two-year fix if that's what you want - whether you should fix for longer is a whole other debate.


This is also true. Does depend on your particular situation, but it does appear that a couple of rises are not so far away.
writergirl746 h, 21 m ago

True. But the point is it's a hot deal for a two-year fix if that's what …True. But the point is it's a hot deal for a two-year fix if that's what you want - whether you should fix for longer is a whole other debate.


It’s not a great deal, unless you have a very large mortgage,
for anyone with £100k mortgage then the real cost of this mortgage adds another 0.75% onto the rate, =1.84% although I guess you can’t buy £133k houses in a lot of areas these days.

if you had a £300k mortgage on £400k then it’s a decent rate I guess .. although as others have said the longer fix would be a better idea, base rates will go up eventually. If they go up in the next two years then this will have expired and you.ll need to remortgage or stay on the SVR (currently 4.74%) but likely to go up along with BR, for comparison hsbc SVR is under 4% so you could be trapped on a higher rate long term if you took out this fix
Edited by: "whatyadoinsucka" 14th Feb
any decent 5yr fixes about ?? ( inc a low / nil fee as only a relative small mortgage left )
My 2 years tracker is ending next month and considering the possible rate rises I am looking for a longer fix. My broker found me 5 years fixed rate with Nationwide for 1.99% and £999 fee. The attraction is that my current mortgage is with Nationwide so it will make life easier to move to another product than starting with a new lender.Do you guys think it is a reasonable deal. I do have a big mortgage.
Edited by: "sam1970" 14th Feb
Depends what your LTV is. If 60% or below HSBC have 5 year fixed at 1.74% / £999 fee.
They also offer 10 year fixed for people looking for longer but I think these are up somewhere like 2.69
sam19701 h, 5 m ago

My 2 years tracker is ending next month and considering the possible rate …My 2 years tracker is ending next month and considering the possible rate rises I am looking for a longer fix. My broker found me 5 years fixed rate with Nationwide for 1.99% and £999 fee. The attraction is that my current mortgage is with Nationwide so it will make life easier to move to another product than starting with a new lender.Do you guys think it is a reasonable deal. I do have a big mortgage.


Im looking for a decent Broker who do you use if you don't mind me asking?
mikbish2 h, 50 m ago

any decent 5yr fixes about ?? ( inc a low / nil fee as only a relative …any decent 5yr fixes about ?? ( inc a low / nil fee as only a relative small mortgage left )


hotukdeals.com/dea…874
toddyj99872 h, 23 m ago

Im looking for a decent Broker who do you use if you don't mind me asking? …Im looking for a decent Broker who do you use if you don't mind me asking?


London & country...great brokers and used them for years...and they are free as they get their comission from the lender
5 year fix with hsbc below, they also have 10 year fix at 60 % ltv 2.49% no fees

hotukdeals.com/dea…632

Not sure if i should fix for 5 years or 10. Lot of uncertainties about what impact of brexit will be.
Edited by: "ran123ran" 14th Feb
sam19702 h, 16 m ago

London & country...great brokers and used them for years...and they are …London & country...great brokers and used them for years...and they are free as they get their comission from the lender


Thanks for that I actually looked at them this morning. Will give them a go
ran123ran7 h, 19 m ago

5 year fix with hsbc below, they also have 10 year fix at 60 % ltv 2.49% …5 year fix with hsbc below, they also have 10 year fix at 60 % ltv 2.49% no fees https://www.hotukdeals.com/deals/hsbc-remortgage-deals-fee-free-60-ltv-5-year-194-174-999-fee-2892632Not sure if i should fix for 5 years or 10. Lot of uncertainties about what impact of brexit will be.


I'm going for the 10 year 2.49% HSBC mortgage. Unsure about whether rates will stay low for a long time due to Brexit but figured that I don't mind paying £1100 a month instead of £1000 a month to have certainty for a decade.
Why is everyone worrying about Brexit? Scaremongering. Once we get rid of those pesky foreigners and those remoaners either get behind Brexit or move to their beloved EU then we'll be great once again.... We'll be so rich we won't even need to borrow money for a mortage</sarcasm>

Seriously though, with Brexit hanging over us, I am very concerned about the housing market and the cost of borrowing going forward.
Are these rates visible anywhere? I went through the app process to get an AIP but it still hasn't shown me the available rates anywhere, don't really want to do the full app with hard credit search without seeing the rate.
sam197014th Feb

London & country...great brokers and used them for years...and they are …London & country...great brokers and used them for years...and they are free as they get their comission from the lender


They get commission from the lender so be wary that they aren't pushing a deal that benefits them more than you.

L&C advised my wife (then girlfriend) to take a crappy Northern rock 5yr fixed rate of 4% in 2011 (right when interest rates were at an historic all time low)

We tried them again two years ago when we were remortgaging just to cover as many bases as possible and I was able to find better deals than they came back with. Including simply remortgaging with our current provider.
This seems to have been removed. Two-year fix at 1.29% with 75% LTV and £1499 product fee only available now.
Post a comment
Avatar
@
    Text