The new range is available as part of the government’s Help to Buy Equity Loan scheme on new builds and includes a 3.29% 2-year fixed rate, a 3.49% 5-year fixed rate and a 3.29% 2-year tracker.
All products are available with a minimum 5% deposit and have no upfront booking fees plus free valuation and £250 cashback on completion.
Phil Cliff, director of Santander Mortgages, said: “Santander is delighted to be joining the government’s Help to Buy Equity Loan scheme, which we believe will play an important role in helping both first time buyers and homemovers looking to buy new build properties.
“Our new Help to Buy range offers competitively priced products with no upfront booking fees, extending the affordable housing options we can offer to customers who have a deposit from 5%, where they can also choose from our range of NewBuy and Shared Ownership ‘exclusive’ mortgages.”
Andy Frankish, new homes director at MAB, said: “It’s great news for customers that Santander has launched Help to Buy products.
“Since launch Help to Buy has been an overwhelming success in the new homes market. Santander coming into this market gives brokers more choice which in turn gives more options for their customers and reinforces the importance Help to Buy plays in the present economy."
