Santander reaches out to first-time buyers - Mortgages - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Santander reaches out to first-time buyers

Santander reaches out to first-time buyers

Category: Mortgages

Updated: 16/11/2012
First Published: 16/11/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Santander has introduced a competitive variable tracker mortgage to its range, aimed specifically at buyers taking their first steps onto the property ladder.

The basics…

This variable tracker mortgage deal offers a rate of 4.79% for three years to first-time buyers with deposits of 10% or more.

The finer details….

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.

Why we like it…

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.

What Next?

Find the best mortgage rate - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Close