Santander Mortgages offers 90% LTV to help first time buyers

Santander 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."