Customers are able to reserve a rate for up to nine months now, with shorter completion times highlighted at the inaugural British New Homes Mortgage Senate last year as a key impediment to business for mortgage advisers.

Brokers said the difficulty involved in tying up completion on both property and financing meant mortgage offers elapsed before the building site or property deal completed.

The new-build exclusives include a two-and-a-half year fixed rate at 2.04% at 75% LTV with a £995 booking fee; and a five-year fixed rate at 3.99% at 85% LTV also with a £995 booking fee.

Santander has also reduced rates by up to 0.75% on its intermediary fixed and tracker Help To Buy equity loan mortgages. A two-year tracker at 75% LTV now has an initial pay rate of 2.49% with no booking fee. The two-year fixed rate at 75% LTV now stands at 2.99% with no fee, and the five-year fixed rate at 3.29%.

Santander has also set up a dedicated “New Build Desk” to support brokers with clients purchasing a new-build property.

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Brad Fordham, managing director of Intermediaries at Santander, said: “The new build market continues to grow significantly in the UK and we are fully committed to supporting brokers with our range of new-build solutions. Through the launch of our dedicated new-build desk, we will be able to provide customers with first class service whenever they need it.”