Santander and TSB launch high LTV products

Michael Lloyd

September 6, 2019

Santander and TSB have launched fixed rate products at high loan-to-values.

Santander has launched a 3-year fixed rate mortgage at 95% LTV available to first-time buyers.

The product comes with no product fee, free valuation and £1,000 cashback.

Rachel Springall, finance expert at Moneyfacts, said: “Santander has launched a new three-year fixed rate mortgage this week, available to first-time buyers with a 5% deposit.

“The deal offers a generous £1,000 cashback as part of its incentive package and has no arrangement fee.

“Borrowers hoping to save on the upfront cost of their mortgage and are looking for a cashback incentive may find this deal an enticing choice.

“As a result, the deal earns a Moneyfacts product rating of outstanding.”

For remortgages, TSB has introduced a 2-year fix at 85% LTV with a rate of 1.84%.

The product comes with free valuation, plus either free legal fees or £300 cashback.

Springall added: “As well as the competitive rate, the deal includes a generous package.

“Borrowers looking for a mortgage with a well-known high street brand may find this option appealing.

“It earns an excellent Moneyfacts product rating in the process.”

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