Santander launches first-time buyer range

Other FTB products are 2-year fixes at 1.64% to 75% LTV and 1.99% to 85% LTV with a £995 fee, and also a 3.04% rate to 90% LTV with no fee.

Santander has also refreshed its 95% LTV range, with its 2-year fix standing at 3.99%, its 5-year fix at 4.74% and its 2-year tracker at 3.99%, all with no fee.

Brad Fordham, Santander’s managing director of intermediaries, said: “This new suite of products we’ve introduced are specially designed to support first-time buyers and those with limited deposits, enabling them to get a foot on the housing ladder.

“We hope these competitively priced products, coupled with our strong service levels will help customers secure a mortgage and purchase their dream home.”