Santander has increased their maximum lending cap on its higher LTV mortgages
Santander for Intermediaries has increased the maximum loan sizes across its standard 80%, 85% and 90% loan-to-value (LTV) mortgage rates.
The 80% LTV cap will increase to £1 million, the 85% LTV to £750,000 and the 90% LTV to a £500,000 maximum loan allowance.
Santander for Intermediaries will also launch a 40% deposit Lifetime Tracker at 2.49% (BBR+1.99%) with no booking fee.
Aaron Strutt, product manager at Trinity Financial, says: “Santander is planning to lend a lot more money next year by offer larger mortgages they are more likely to hit their overall lending target.â€
December 19, 2013
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