The first time buyer deal is a 2-year 3.94 per cent fixed rate mortgage with no fee, 85 per cent LTV, one free standard mortgage valuation and £250 cashback on completion
Other highlights include:
- 2-year fix at 75 per cent LTV now 2.84 per cent - £995 fee
- 2-year fix at 75 per cent LTV now 3.49 per cent - no fee
- 3-year fix at 70 per cent LTV now 2.64 per cent - £995 fee
- 3-year fix at 70 per cent LTV now 3.29 per cent - no fee
- 5-year fix at 75 per cent LTV now 3.39 per cent - £995 fee
- 5-year fix at 75 per cent LTV now 3.79 per cent - no fee
All the above are available to homebuyers and remortgagors.
The Homebuyer Solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.
Phil Cliff, Director of Santander Mortgages, said:
"These fantastic 5-year fixed rates available with a 25% deposit provide great options for customers looking to fix their mortgage payments for the longer-term and insulate themselves against potential future rate rises.
"The new FTB product again underlines our commitment to first time buyers, who are the lynch-pin of the housing market. It was good to see this week's announcement from the Council of Mortgage Lenders that first time buyers are now getting onto the housing ladder in the greatest numbers since Q4, 2009 but they still need our support with tailored products."
