Message from Santander for Intermediaries

Making those first steps onto the property ladder can be stressful for clients. It’s no surprise that many of them will be looking to a mortgage broker for a deal that offers them value in addition to minimising any hassles and headaches.

Low inflation, strong wage growth, falling unemployment and competitive mortgage deals are all helping to underpin housing demand in the second half of the year. At Santander we’ve helped 24,300 first-time buyers buy their first home this year. Making such a contribution to first-time UK home owners and the housing market is something that is pleasing to us ……….and we want to help even more.

Recent CML data shows that in particular, the First-time Buyer and mover numbers are stronger than a year ago. To support this market demand, we are launching exclusive products for first-time buyers and reducing rates on our 95% LTV range. Our competitive rates start at 1.49% with a £995 booking fee for 2yr fixed and some products will also include fee free deals. More details can be found via our website.

Brokers requiring that added support for clients with new build properties will receive this from our New Build specialists Russell and Laura. They can be contacted on 0800 085 1329 and will help to:

  • Manage pipeline cases that can’t be dealt with through your usual dedicated sales contact,
  • Escalate and take ownership of any urgent cases, and
  • Deal with any complex new business enquiries

Valuations are instructed on the day the application is set up, leading to a reduction in time to offer and helping to reduce the stress in the buying process.

We’ve been innovative with our products by launching 2.5 year fixed rates. New Build clients will benefit from over two years on a fixed rate even if the build takes up to nine months as the rates benefit from a nine month product completion deadline.

Remember to source our 2.5 year term products alongside 2 year term deals and select product terms between 22 – 34 months.

With a growing first-time buyer market, Santander have the tools and expertise in place to support you and your clients with those first steps.

For more information on how Santander can support you and your clients, please speak to your dedicated contact.