Santander offers 98% mortgage for first-time buyers – with strict rules
Fixed-rate loan will not be available on flats and new-builds, and loan must be no more than 4.45 times salaryOne of Britain’s biggest banks has launched a mortgage that lets first-time buyers borrow up to 98% of the property’s value – but experts said the “very strict” rules would...
<p>Fixed-rate loan will not be available on flats and new-builds, and loan must be no more than 4.45 times salary</p><p>One of Britain’s biggest banks has launched a mortgage that lets first-time buyers borrow up to 98% of the property’s value – but experts said the “very strict” rules would exclude many people and property types.</p><p>Santander said this was the first time for years that a major high street bank had gone beyond the traditional 95% borrowing limit, and some mortgage brokers called it a “<a href="https://newspage.news/2026/02/03/santander-launches-my-first-mortgage-with-just-10000-deposit-needed/">bold and significant</a>” move that would help more first-time buyers achieve their home ownership dreams.</p> <a href="https://www.theguardian.com/money/2026/feb/03/santander-mortgage-for-first-time-buyers-with-strict-rules">Continue reading...</a>
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