The Santander mortgage range is enhanced by new Help to Buy deals.
Several new Santander mortgage deals have been released, the lender's new range now includes various new Help to Buy mortgage products.
With just 5% as a deposit and a 20% equity loan from the Government, smaller deposit borrowers can now access cheaper rates.
Santander's mortgage deals for Help to Buy include 2 and 5 year fixed rate mortgages and a 2 year tracker deal.
Product highlights include:
- A 2 year fixed rate mortgage for 75% LTV at 3.29%.
- A 5 year fixed rate mortgage for 75% LTV at 3.49%.
- A 2 year tracker mortgage for 75% LTV at 3.29%.
Santander offer mortgage incentives which include £250 cashback and a free valuation. In addition there is the added bonus of no booking fee.
If you apply for a Santander mortgage and open a 123 current account at the same time, you will receive 1% cashback on your monthly mortgage payments (a £1000 maximum monthly mortgage repayment applies) and up to 3% cashback on utility and communication bills.
Help to Buy mortgages are of great benefit to smaller deposit first time buyers and home-movers looking to buy a new build property.
The £3.5 billion Government scheme, which is expected to help around 74,000 buyers over the next three years, has had a good start with 7000 buyers reserving a new home in the 4 months since its release in April.
If you are looking to review the Santander mortgage range against other lenders offerings, call an impartial adviser at independent 'whole of market' Deal Direct on 0800 048 8828.
Call today for advice and a quote.
0800 048 8828.
