05/03/2024
Santander UK has announced a significant increase in the maximum loan-to-value (LTV) for new-build houses and flats, making homeownership dreams more attainable for aspiring homeowners.
One of Greenhill Estate’s Stunning New Properties Available in Nazeing, EN9
Launched on Tuesday, 27 February, Santander UK is now offering a 95% LTV for new-build houses and flats. This means that prospective homeowners only need a 5% deposit to step into the property market, a move aimed at providing more accessibility and opportunities for those looking to buy their first home.
Hannah Green, the founder of Greenhill Estates, expressed enthusiasm about the positive impact of Santander's decision on both the estate agency and its customers. She stated, "This is fantastic news for our clients and the local community. With Santander leading the way by offering mortgages up to 95% LTV, it opens up new possibilities for homebuyers, making the dream of owning a home more achievable."
Santander's move distinguishes it as the sole top-six lender in the UK to provide mortgages up to 95% LTV for new-build houses and flats through all builders and brokers. Customers opting for a new build with a 95% LTV mortgage can choose from Santander's existing 95% range of five-year fixed-rate products, offering stability and flexibility.
This development is particularly significant for Greenhill Estates, as it means they can now assist their clients in navigating a more inclusive and accessible property market. The increased lending options will undoubtedly contribute to a boost in property transactions and bring smiles to the faces of many aspiring homeowners in Hertfordshire.
Name: Claire White
E-Mail: claire@whymedia.com
Telephone: 020 3007 6002