Questions And Answers

Abbey/Santander seem to have a good 3 year rate at 2.67% but rising to 4.2% after the 3 years - higher than some others.

Hi Roy, Alliance and Leicester seem to have a good two year rate at 2.19% reverting to 4.24% after 24 months - 1.69% + Bank Base Rate for 24 months max loan £550,000. Seems a decent one. Jen x

Would you go for a 2 or 3 year tracker? Really depends on your attitude to interest rates (up when and by how much) and your personal circumstances. Santander, in my opinion, are really no different to other major lenders for speed and accuracy. I would say if you have everything they ask for, which is dependant on your application details, then they can be quite quick. I have known of a purchase case to be offered about one week after application. I have also known others take longer. The simpler the case e.g remortgage, low ltv, good credit score etc the speedier most lenders are. As for competitive yes they do tend to be reasonably competitive for all mortgages not just trackers if you meet their criteria. Today seems more about not whether you like the lenders deal its whether the lender likes you. Again it all depends on your situation i.e LTV, amount borrowing etc. I am also under the impression that A&L closed its doors to new lending through all channels on 15th October as they have integrated with Santander. Please let me know if anyone can obtain an new A&L mortgage, it would be greatly appreciated.

I hope that helps!