Santander launches Newbuy mortgages

Monday, 14 May 2012 10:36

By Kay Carson

Santander has unveiled a range of NewBuy mortgages designed to help borrowers trying to get their first step on the property ladder.

The 95 per cent LTV mortgage selection includes a three year fixed at 5.49 per cent, a five year fixed at 5.49 per cent and a seven year fixed at 5.99 per cent.

Each home loan has a £99 fee.

All products come with the Homebuyer solution as standard which includes free valuation plus £250 cashback on completion, helping customers with upfront purchasing costs.

Phil Cliff, director of Santander Mortgages, said: “The range will have wide appeal and is designed to meet the needs of both first time buyers looking to buy their first home and existing home owners who are considering moving house.”

The new mortgages are available for homes built by Barratt Homes, including David Wilson Homes, Ward Homes and Wilson Bowden; Berkeley, including St George, St James and St Edward; Bovis Homes; and Persimmon, including Charles Church and Westbury.


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