Santander ups LTVs on residential and Help to Buy mortgages

Santander ups LTVs on residential and Help to Buy mortgages


The lender is introducing new residential purchase and remortgage products including £250 cashback and taking it up to 85 per cent LTV – this was previously limited to 75 per cent LTV.

Santander told Mortgage Solutions that it expects the AVM success on remortgages to be the same between 75 and 85 per cent LTV as on the lower LTV brackets and it is confident this will allow it to help progress applications.

Its new Help to Buy deals are available at up to 75 per cent LTV with a maximum loan value of £450,000.

When it relaunched the Help to Buy range these were limited to 60 per cent loan to value (LTV) and only for loans of up to £360,000.

“Following further enhancements to the valuation process, we’re launching new 85 per cent LTV fixed rates to support your clients with smaller deposits,” a statement on the lender’s website said.

“To continue to help your clients who are purchasing new build properties, we’re also expanding our Help to Buy: equity loans range by introducing 75 per cent LTV fixed rates. Products in our Help to Buy: equity loans range are now available at 60 per cent and 75 per cent LTV.”


The new deals are being made available from 12 May. They include:

Help to Buy up to a maximum loan of £450,000

Purchase and remortgage


Santander head of intermediary distribution Helen Harrison (pictured) said: “Supporting customers in their home ownership journey has never been more important than it is today.

“I am immensely proud of how we have continued to support our customers and hope that our new mortgage range will help both buyers looking to take their first mortgage or homeowners looking to move an existing mortgage to Santander.”