Miguel Sard, managing director of mortgages at Santander UK, said: “Securing a property can be difficult for first-time buyers or those with smaller deposits. The new changes in our product portfolio are not only best in the market but we hope they will enable more people, with lower deposits to access to their dream home.
“As a prudent lender, we regularly review the make-up and balance of our mortgage portfolio. From time to time this means we will make pricing changes to control volumes and ensure our book continues to have appropriate levels of different types of lending.”
Santander has also amended the pricing on some of its buy-to-let products.
Key changes:
• 60 per cent LTV 2 year Fixed BTL 2.59 per cent with a £1995 booking fee on purchase and remortgage
• 60 per cent LTV 5 year Fixed BTL 3.59 per cent with a 2.5 per cent booking fee on purchase and remortgage
• 75 per cent LTV 2 year Fixed BTL 3.14 per cent with a £1995 booking fee on purchase and remortgage
• 75 per cent LTV 5 year Fixed BTL 4.09 per cent with a £1995 booking fee on purchase and remortgage
