With the new range of competitive high LTV products Santander cements its support for first time buyers and customers with low deposits. It is another signal of the lenders’ commitment to this market and aims to help those in the UK that want to get on and move up the property ladder.
The products include a 2-year tracker at 4.19%, a 2-year fix at 4.29%, and a 5-year fix at 4.89% - all of which come with zero booking fee.
Miguel Sard, Santander’s Managing Director of Mortgages said:
“The Government’s Help to Buy: mortgage guarantee scheme encouraged lenders to re-enter the 95 per cent LTV space. There is now a healthy market for customers with smaller deposits and we hope our new, competitively priced 95 per cent LTV products will help customers looking to purchase their dream home. As a prudent lender ensuring customers can afford to meet their financial commitments is key, so we encourage them to seek independent financial advice.”
