Santander to offer Help to Buy mortgage deals

Thu, 10 Oct 2013

Santander to offer Help to Buy mortgage deals
Santander has become the latest bank to announce its intention to offer Help to Buy mortgages.

The company is to follow in the footsteps of rivals Royal Bank of Scotland, Natwest and Halifax in offering the government-backed deal.

Other banks to have signed up - that will offer the mortgages from a later date - include Virgin Money, HSBC, TSB, Lloyds Banking Group and Aldermore.

Barclays and Nationwide are the only big banks to refrain from saying that they too will join the scheme.

Santander's commitment to the scheme means that 40 per cent of the mortgage lending market is now enrolled on the initiative.

Under Help to Buy, prospective homeowners will be able to secure a mortgage for a property valued at £600,000 and under with just a five per cent deposit. The government will then guarantee a further 20 per cent which will be paid back at a later date.

It is hoped that the scheme will help in the purchase of around 180,000 properties, although deputy prime minister Nick Clegg said earlier this month that the Bank of England could "shut it down" if it appears as though it is not working.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.




mths

Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company

HomeBuyService.co.uk is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy
FAQ
Sitemap

Get in Touch