I was delighted to read the following article about Santander’s reduction in fixed rate mortgages for first time buyers. http://www.moneymarketing.co.uk/mortgages/santander-cuts-newbuy-rates-by-up-to-07/1055759.article I was also delighted that the loan to value is very high at 95% and that they pay a commission to mortgage brokers and independent financial advisors. Competition for the best fixed rate mortgage is really improving in recent weeks. I hope this helps stimulate a recovery in the housing market outside of London where prices seem to be falling according to many media reports.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action.rn
