Santander offering first-time buyers £1,000 cashback

by Aaron Strutt

Jan 18 2019

Santander for Intermediaries has launched a range of first-time buyer rates with £1,000 cashback.

The new three-year fixed rates are available to borrowers providing they have a 5% deposit, and they do not have an arrangement fee. The maximum loan size is £570,000 and there is a free property valuation.

Mortgage lenders are targeting first-time buyers with incentives and there is a long list of lenders offering cash back to tempt customers. Earlier this month, Skipton for Intermediaries launched a range of 1% cash back rates for mortgages up to £1 million. 

Aaron Strutt, product director at Trinity Financial, says: "Lenders are increasingly turning to first-time buyers while they are active in the market, but also because they typically have smaller deposits and can charge higher rates.

"Barclays has announced a series of rate improvements to its 95% loan-to-value mortgages. While Accord launched a remortgage product to help borrowers refinance for home improvements. Many banks and building societies already provide a free valuation for property purchases."

Call Trinity Financial on 020 7016 0790 to secure a mortgage