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Santander unveils Help to Buy 2 product range

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  • 08/01/2014
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Santander unveils Help to Buy 2 product range
Santander has announced Help to Buy product details ahead of its official launch into the scheme tomorrow.

The lender will offer a trio of fee-free products under the scheme including a two-year fix at 4.99%, a two-year tracker at 4.99% and a five-year fix at 5.49%, all available up to 95% LTV.

The products will be available through direct and intermediary channels.

Santander said it already offers mortgages up to 90% LTV so would not use the Help to Buy scheme for sub-90% LTV products.

The lender also takes part in the Help to Buy equity loan scheme and Miguel Sard, head of mortgages at Santander, said both phases of the scheme were boosting the market.

“We’re pleased to be joining the second phase of the government’s Help to Buy scheme.

“The first phase of the government’s Help to Buy scheme has already helped improve the flow of credit to good quality customers, and played an important role in helping both first-time buyers and homemovers looking to buy new build properties.

“This has seen a welcome return of some confidence back into the market. Santander is committed to helping consumers get on, and move up, the property ladder, and our new Help to Buy mortgage guarantee range is the latest addition to our competitively priced range of products.”

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