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Major bank launches first mortgage under 4% in 2025 as lenders ignite new rate battle
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Major bank launches first mortgage under 4% in 2025 as lenders ignite new rate battle

Major bank launches first mortgage under 4% in 2025 as lenders ignite new rate battle
Source: The Sun
Published: Feb, 12 2025 07:48

SUB-4% mortgages are making a comeback in the market, with one major lender igniting a fresh rate war as it prepares to launch new deals later this week. Santander said that from Thursday, borrowers will be able to apply for one of four new products as it launches a range of two and five-year fixed-rate deals at 3.99%. Eligible borrowers will need a 40% deposit to access the sub 4% rates, available for house purchase or remortgaging.

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