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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

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 It is now over 6 months old so the content may be out of date.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?

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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 Any products featured may be withdrawn by their provider or changed at any time.