Santander Mortgages is helping to boost first-time buyer鈥檚 budgets today as it launches new mortgage products with extremely competitive rates starting at just 2.45 per cent and a bonus 拢1,000 cashback on completion.
The new deals, which also come with a zero product fee and a free standard property valuation,1听will leave first-time buyers who take their mortgage with Santander Mortgages with vital extra money that could be spent on kitting out their new kitchen or buying that all important sofa.听
The details of the new products from Santander are:
- Three Year Fixed Rate, up to 85 per cent LTV at a rate of 2.45 per cent with 拢0 Fee, 拢1000 cashback on completion and free standard valuation, minimum loan size 拢75,000;
- Three Year Fixed Rate, up to 90 per cent LTV at a rate of 2.65 per cent with 拢0 Fee, 拢1000 cashback on completion and free standard valuation, minimum loan size 拢75,000; and
- Three Year Fixed Rate, up to 95 per cent LTV at a rate of 3.60 per cent with 拢0 Fee, 拢1000 cashback on completion and free standard valuation, minimum loan size 拢75,000.
Miguel Sard, Head of Mortgages at Santander said:听鈥淲ith a zero product fee, free valuations and 拢1,000 cashback, first-time buyers with Santander now have extra money available to help get them on their way to turning their new home into their dream home.鈥
The new deals announced by the bank come at a time when the mortgage industry as a whole is seeing steady growth in the number of first-time buyers. Analysis of the latest data suggests that 36,200 first time buyers secured a mortgage in November 2018, an increase of 5 per cent on the previous year鈥檚 figure听2.
The new deals are available now through Santander鈥檚 dedicated phone team which can be reached on 0800 068 6064 or by visiting any of Santander鈥檚 branches.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors:听
1) On properties valued up to 拢2.5 million
2) UK Finance鈥檚 Mortgage Trends Update for November 2018听
Santander UK听is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 30 June 2018, the bank has c24,200 employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. 魅影直播 customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
About Us
Banco Santander听(SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful market share in 10 core markets in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. At the end of June 2018, Banco Santander had EUR 981 billion in customer funds (deposits and mutual funds), 140 million customers, 13,500 branches and 200,000 employees. Banco Santander made attributable profit of EUR 3,752 million in the first half of 2018, an increase of 4% compared to the same period last year.
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