Santander claims that the product will only be available to their First Home Saver customers for a limited period only.
Phil Cliff, director of Santander Mortgages, said: “As one of the UK's largest lenders we recognise the importance of supporting the first-time buyer market especially during the current economic climate which is why we've launched one of the lowest rate 90% products on the market. Our market leading two year fix at 5.29% offers a great rate with a low fee and will surely provide a welcome boost to the FTB market.
“With one in four first-time buyers relying on their savings to get on the property ladder, it's even more important that they get their money to work hard for them. We’re now honouring our commitment to our customers and rewarding their loyalty with a market leading mortgage rate, the second time we have offered an exclusive mortgage rate to First Home Savers. We're keen to reward these savers and feel this product with its 5.29% rate and low fee certainly does that.”
