Santander have become the first large lender to launch a FTB mortgage over 95% loan to value (LTV). It’s called My First Mortgage and is up to 98% LTV.
Key requirements as follows -
· FTB only, including joint mortgages.
· Maximum 98% LTV.
· Minimum deposit £10,000.
· Maximum loan £500,000.
· Maximum term 40 years.
· Repayment only.
· 5 year fixed rate. ERCs apply.
· Gifted deposits accepted.
· No flats, new build or properties in Northern Ireland.
If you want more information or wish to discuss other options available to you then please get in touch and we can arrange for an independent financial advisor to have a free, no obligation chat with you.
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