Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war

Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war

Bank to offer first two-year deal under 4% with rivals likely to follow suit

The first sub-4% mortgages for months are going on sale handing a much-needed boost to first-time buyers and those worried about refinancing their home loan.

Santander on Thursday will start offering fixed rate deals at 3.99% lasting for two and five years. However, eligible borrowers need a 40% deposit, or a sizeable amount of equity to access the deals.

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