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First home, faster with
My First Mortgage
On Tuesday 3 February, we’re the first large lender to launch a FTB mortgage over 95% LTV. It’s called My First Mortgage and is up to 98% LTV. Supporting FTBs is a key focus for us whilst lending responsibly.
With a deposit from just £10,000, your clients’ homeownership dreams could be around the corner. Plus, we accept gifted deposits from friends and family.
Key criteria
- 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.
We aren’t currently able to consider self-employed applicants or Shared Ownership schemes as the maximum LTV is 90% for now.
Visit our website for more information about My First Mortgage.
Product details
- 5.19% 5 year fixed rate
- Up to 98% LTV
- £0 product fee
- Free standard valuation and £250 cashback to help with upfront costs
Further support
We’ve updated our affordability calculator, residential lending criteria and other literature on our website.
Please speak to your usual Santander contact to find out more about this exciting new product to help your FTBs.