New Mortgage Launched for First-Time Buyers with Two per Cent Deposits

New mortgage launched for first-time buyers with two per cent deposits

Santander UK said saving for a deposit ‘remains one of the biggest hurdles to homeownership’

Major bank unveils new 2% deposit mortgage for first-time buyers

The bank said saving for a deposit ‘remains one of the biggest hurdles to homeownership’

Santander launches 98% mortgage with £10,000 deposit as experts hail 'good news for first time buyers'

Santander has launched a new mortgage product allowing first time buyers to borrow up to 98 per cent of a property’s value with a deposit of £10,000.The product, called My First Mortgage, is a five year fixed rate deal priced at 5.19 per cent. Borrowing under the scheme is capped at £500,000, and Santander said the mortgage comes with no arrangement fee.The lender said the product is aimed at helping first time buyers who struggle to save for la…

Santander launches 2% deposit mortgage for first-time buyers - how it works

Santander has upped the ante in the battle to attract first-time buyers with a new mortgage that requires just a 2 per cent deposit. The new product, called “My First Mortgage”, is exclusively for first-time buyers and allows them to borrow up to 98 per cent of the house value on a five-year fixed rate of 5.19 per cent – with no product fees and £250 cashback. Santander said the product is designed to help first-time buyers get on the housing la…

Santander enters ultra-high LTV market with 98% mortgage

Santander enters ultra-high LTV market with 98% mortgage - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.

My First Mortgage: New 98% Mortgage Available For First Time Buyers

KEY INFORMATION My First Mortgage: summarised Here’s the key information about Santander’s new My First Mortgage: Deposit: Minimum £10,000 (up to 98% loan-to-value) Rate: 5.19% fixed for 5 years, no fee, £250 cashback Property price: Up to £500,000 Who it’s for: First-time buyers only (both applicants if joint); excludes flats, new builds, self-employed buyers and Northern Ireland A new mortgage has been launched by Santander allowing first ti…