Santandar 4.99 4 year fixed rate

g0009348

with the current interest rate and the likely future base rate rises do you think this would be a sensible mortgage for first time buyers? it has a 995 fee, 250 cash back and free valuation. we are buying a house for 152k and we have 15% mortgage.

chickenist

I am pretty sure for this one you need a 30% deposit. If you have a large enough deposit it would be worth also considering the 75% LTV Co-op 5-year fixed rate at 4.49%.

Personally I'm going for a fixed rate just for the peace of mind and security and 4.49% seems like a good deal at the moment, but it depends on your individual circumstance and how much you can afford to pay back every month if rates do go up.

chickenist

Ah I didn't see that you are going for 4-year rather than 5. That still seems like a reasonably good deal to me.