Santander has introduced a competitive variable tracker mortgage to its range, aimed specifically at buyers taking their first steps onto the property ladder.
This variable tracker mortgage deal offers a rate of 4.79% for three years to first-time buyers with deposits of 10% or more.
Customers can borrow between £6,000 and £300,000. This deal also benefits from having no arrangement fee, plus incentives of a free valuation (max £190) and a £250 rebate upon completion.
There is also the option to make overpayments of up to 10% of the outstanding balance.
Santander has launched the only three-year tracker mortgage with a 90% loan-to-value, available via the direct business channel. With a great rate and a host of attractive incentives, this deal has been awarded four out of five Moneyfacts stars.
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