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The deal
Spanish-owned bank Santander is charity a three-year tracker debt at 3 per cent with a �333 fee. With the World Cup in mind, the bank has dubbed the understanding a "hat-trick".
The great points
A 3 per cent seductiveness rate over 3 years is positively competitive. More attractive, however, is the low �333 engagement fee, generally as borrowers can be charged �1,000 or some-more with alternative deals.
The bad points
You can get improved rates. Yorkshire Building Society, for instance, has a two-year tracker at 2.39 per cent. Also Santanders understanding is usually accessible if you have a deposition of at slightest twenty-five per cent, that will order out copiousness of borrowers.
Conclusion
Santander is not the initial to make use of the World Cup as a brace to launch a gimmicky mortgage. As with the alternative deals, borrowers should cut right by to the cost and work out that understanding functions most appropriate for them and not let football fever lean their view. if you need help, get recommendation from a debt broker. Find one at www.unbiased.co.uk
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