Santander is set to launch 95% LTV mortgages as part of the government’s Mortgage Guarantee Scheme.
From Tuesday 20 April 2021, people looking to buy a new home can apply for one of three products, which are fee free and include a free valuation.
The products are a 2-year tracker at 3.99%, a 3-year fix at 3.99% and a 5-year fix at 4.09%.
The three products, which are repayment mortgages for houses priced up to £600,000 or flats and leasehold properties up to £400,000, are available to first-time buyers and home-movers.
Brad Fordham, head of mortgages at Santander said: “We know that buying a home is expensive and finding the money for a deposit and the upfront costs can sometimes prove a barrier to potential homeowners.
“We’re pleased to be part of the government’s Mortgage Guarantee Scheme by offering customers a range of 95% LTV mortgages with the additional support of no upfront fees and a free valuation.”