Mortgage News
Santander releases first-time buyer exclusives
Santander for Intermediaries will add to its range of high loan-to-value (LTV) fixed-rate products aimed exclusively at first-time buyers on 12 January.
The products include an 85% Loan To Value (LTV) five-year fixed at 3.14%, a 90% LTV two-year fixed at 2.59% and a 90% LTV five-year fixed at 3.49%, all with a £999 booking fee.
The booking fee can be capitalised on products with a 90% LTV.
The products include Santander’s Homebuyer Solution, offering free valuations on properties up to £2.5m and a £250 cashback on completion.
The cashback has also been added to its existing first-time buyer exclusive products, released in November.
Santander will also withdraw its 90% LTV two-year fix with no fee.
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Full applications on all amended and withdrawn products must be submitted by midnight on 11 January to secure a booking.