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Santander and Saffron unveil high LTV exclusives

by: Mortgage Solutions
  • 15/03/2016
  • 0
Santander and Saffron unveil high LTV exclusives
Santander has launched three key account exclusives with loan-to-values (LTV) ranging up to 90%.

The lender has added a two-year fixed rate product to its 85% LTV range priced at 1.99% with a £995 booking fee. Two five-year fixed rate products priced at 3.14% and 3.59% are available up to 85% and 90% LTV respectively. The lower priced five-year fix carries a booking fee of £995 while the 3.59% product is free free.

All additions to the key account range are available for purchase and remortgage applicants.

Saffron for Intermediaries has unveiled its non-Help to Buy mortgage exclusively for first-time buyers, available from tomorrow.

Priced at 3.97% fixed for five years the product has an arrangement fee of £495 and early repayment charges of 3% for the term of the product. Applicants can take a maximum term of 35 years and can be no more than 75-years-old at the end of mortgage.

Saffron will pay the higher lending charge on the product. The mortgage cannot be taken out on an interest-only basis and the applicant must have a clean credit history.

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