Santander launches large loan mortgage range

From Monday 28 October 2013, Santander Mortgages is launching a range of new mortgages for Large Loans up to £2.5m, increasing the maximum loan size on other selected products to £1.5m, and introducing new standard products at very competitive rates. The range offers customers a number of features, which may include no Early Repayment Charge, overpayment options or cashback, so they have the freedom to choose the right mortgage to meet their needs.

Phil Cliff, Director of Santander Mortgages, said: “We’re seeing improved and buoyant conditions, so on Monday 28 October we are making some fantastic changes to our mortgage range to continue our support of the UK housing market. We are extending the maximum loan size on selected mortgages to £1.5m and launching a very competitive range of new products for customers looking for a large loan up to £2.5m. In addition we are adding some new standard products with great rates to our range.

“Combined these changes make our range more competitive and offer even greater freedom of choice for our customers, whether they are homebuyers or wishing to re-mortgage to Santander. In addition, existing Santander 1|2|3 Current Account customers will receive 1 per cent cashback on their direct debit Santander mortgage repayments.”