First-time Buyers
New first-time buyer deals from Santander
Written By:
Christina Hoghton
Posted:
Updated:
12/01/2016
Today sees the launch of a range of new exclusive mortgages for first-time buyers from Santander, but you can only get one if you go through a mortgage broker
Santander has today launched a new range of exclusive first-time buyer mortgages, available through its mortgage broker channel, not directly from the lender.
The products are high loan-to-value mortgages for first-time buyer borrowers with relatively small deposits, who are borrowing a large proportion of the property’s value.
They include:
- An 85% Loan To Value (LTV) five-year fixed at 3.14%, with a £999 booking fee
- A 90% LTV two-year fixed at 2.59%, with a £999 fee
- And a 90% LTV five-year fixed at 3.49%, with a £999 booking fee.
The products include Santander’s Homebuyer Solution, which offers free valuations on properties up to £2.5m and a £250 cashback on completion.
