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Santander Remortgage Rate

I’ve had my current mortgage with Santander for a couple of years if a rate of 2.16% (85% LTV).

My product is due to expire in September and the new rate is currently available at 5.59% (80% LTV).

Do we think the rates are going to reduce before September? Or should I just secure the current rate now?

Appreciate your views. 

Comments

  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Have you shopped around?  Other lenders are available.  
  • daivid
    daivid Posts: 1,286 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Rates could go up or down. As above shop around, and are there any lenders who will let you lock in a rate for a time without fully committing?
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