Santander launches Help to Buy Mortgage deals Go compare with our comparison table

Santander launches Help to Buy Mortgage deals

09 January 2014 / by Isabel Buxton

Santander has today launched a range of mortgages backed by the Government's Help to Buy scheme, increasing the options for borrowers who want a 95% home loan.

Help to Buy mortgages on offer from Santander are offered at 95% loan to value (LTV) and include 2 year and 5 year fixed rate mortgages as well as a 2 year variable rate tracker mortgage. These mortgages are offered to home buyer with deposits of just 5%. Interest rates on the deals start at 4.99%, and free valuations and £250 cashback are also on offer.

Help for first time buyers

The Government’s Help to Buy scheme, which was announced in 2013, is intended to help people with smaller deposits get onto the housing ladder.  Since the launch of the scheme in October 2013, Halifax, RBS and HSBC have launched deals, with the Post Office set to follow in the future, via its intermediary the Bank of Ireland.

Miguel Sard, head of Santander Mortgages, commented on the launch, saying: "The first phase of the government's Help to Buy scheme has already helped improve the flow of credit to good quality customers, and played an important role in helping both first-time buyers and home movers looking to buy new-build properties.

See the table below to compare our selection of Help To Buy mortgages >> 
 
Your home may be repossessed if you do not keep up repayments on your mortgage.
 
First Time Buyer - Mortgage Deal Selection

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Fixed

2.69%

Reverts to 4.70%

2

Years

4.50%

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Fixed

2.69%

Reverts to 4.70%

2

Years

4.50%

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Fixed

3.69%

Reverts to 4.70%

5

Years

4.50%

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.70%

5

Years

4.50%

90%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above first time buyer mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063