Related topic: Santander

Santander UK has today announced that it has introduced improved affordability rates on new build properties which will allow customers purchasing a new build home to borrow thousands...

The bank has reduced two and five-year fixed rates at 85-95% LTV. 

The bank is holding the majority of residential fixed rates over 75% LTV.

Home mover, first-time buyer, remortgage and buy-to-let rates are reducing by up to 0.19%.

The bank has launched new sub-4% three-year fixed rate products.

In cases where there is concern that the property will not be completed within nine-months, a three-month extension can be applied for.

The new products include 43 new build specific mortgages.

The lender has reduced rates across its range by up to 0.21%.

Residential remortgage and product transfer rates have seen the largest reductions.

The decision will enable customers to borrow up to £35,000 more.