February 14, 2011 04:01 ET

Santander Mortgages Offers 90 Per Cent LTV to Help First Time Buyers

LONDON, UNITED KINGDOM--(Marketwire - Feb. 14, 2011) - From Friday 11 February, Santander, the 'Home of UK Mortgages' is launching a new mortgage to help first time buyers get on the property ladder. Offering a market leading 5.45 per cent rate, the two year fixed has a 90 per cent LTV and low £99 fee. It also comes with the Homebuyer Solution which offers borrowers the added benefits of a free basic mortgage valuation and £250 cash-back on completion.

In addition, for those looking to remortgage, Santander is also launching two new two year fixed Remortgage products:

  • Two year fixed at 85 per cent LTV with a 4.99 rate and £495 fee available exclusively to Current Account customers
  • Two year fixed at 85 per cent LTV with a 4.99 rate and £995 fee

Both products come with Santander's Remortgage Solution which offers a free basic mortgage valuation, and either free legals or £250 cash-back on completion.

Phil Cliff, Director of Santander Mortgages said: "As the 'Home of UK Mortgages' we remain committed to helping first time buyers and those looking to move. Our great new products, especially our market-leading 90 per cent LTV with low £99 fee and new 85 per cent LTV options for those looking to remortgage, offers value-for-money to suit all homeowners."

For straight forward mortgage advice, Santander's Mortgage Calculator is designed to portray the costs and benefits of all Santander mortgages as well as giving an indication of current rates and information.

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:

  1. £99 fee is payable upfront
  2. The Current Account mortgage range is available to existing customers who have held their main bank account with Santander for more than three months. All Investment customers qualify except those with Cash ISAs only.

About Us

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with presence in 10 main markets. At the close of June 2010, Santander was the largest bank in the euro zone by market capitalization and, at the end of 2009, fourth in the world by profit. Founded in 1857, Santander had EUR 1,365 billion in managed funds. Santander has more than 90 million customers, 13,671 branches – more than any other international bank – and 170,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In the first half of 2010, Santander registered €4,445 million in net attributable profit.

In the UK, Santander was formed out of the Abbey, Bradford & Bingley and Alliance & Leicester retail networks. It has over 1400 branches, around 4,500 cash machines and provides a full range of retail and corporate banking services to 25 million customers.

The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.

Contact Information

  • Media Enquiries:
    Nicola Hussey
    020 7756 4209
    Mobile: 07920 700 732
    Siobhan O'Shea
    020 7756 4189
    Mobile: 07789 651 947