The best rate for a fixed-rate mortgage drops below the one percent mark again. Santander offers a mortgage at 0.99% to buyers with a deposit of 40% and will fix the term for 18 months. There exists a lower rate, at 0.98%, but this is a tracker so will vary in line with Bank Rate.

Key Takeaways:

• Santander has brought back the sub-1pc mortgage with a fixed-rate deal at 0.99pc.
• The bank is offering the loan to buyers with 40pc deposits, and will fix the rate for 18 months.
• Like many mortgages with very low rates, Santander’s deal comes with a relatively high fee of £1,499.

“Santander has brought back the sub-lpc mortgage with a fixed rate deal at 0.99pc.”

http://www.telegraph.co.uk/personal-banking/mortgages/best-fixed-rate-mortgage-rate-drops-099pc/