First home, faster with My First Mortgage

On Tuesday 3 February, we’re the first large lender to launch a FTB mortgage over 95% LTV. It’s called My First Mortgage and is up to 98% LTV. Supporting FTBs is a key focus for us whilst lending responsibly. 

With a deposit from just £10,000, your clients’ homeownership dreams could be around the corner. Plus, we accept gifted deposits from friends and family. 

Key criteria

• FTB only, including joint mortgages.
• Maximum 98% LTV.
• Minimum deposit £10,000.
• Maximum loan £500,000.
• Maximum term 40 years.
• Repayment only.
• Gifted deposits accepted.
• Maximum 4.45x loan to income.
• No flats, new build or properties in Northern Ireland.

We aren’t currently able to consider self-employed applicants or Shared Ownership schemes as the maximum LTV is 90% for now. 

Visit our website for more information about My First Mortgage

• 5.19% 5 year fixed rate
• Up to 98% LTV
• £0 product fee
• Free standard valuation and £250 cashback to help with upfront costs

Further support

We’ve updated our affordability calculator, residential lending criteria and other literature on our website. 

Please speak to your usual Santander contact to find out more about this exciting new product to help your FTBs.