Date: 22 April 2025Helping You Take the First Step on the Property Ladder
Buying your first home is exciting—but it can also feel a bit daunting. That’s why we’ve launched our Lender Spotlight series, to give you a clearer idea of what different lenders are offering for first-time buyers.
This week, we're taking a closer look at Santander, one of the many lenders we have access to. They offer a range of features that could help make buying your first home that little bit easier—but as always, the best option will depend on your personal circumstances.
Here are some of the key features currently available from Santander:
1. Improved Affordability Could Mean Borrowing More
Santander has recently updated their affordability assessment, which could allow some borrowers to access up to ÂŁ35,000 more than they might have been able to previously. This can make a real difference when it comes to choosing the right home for you.
2. 95% Mortgages Available – Including on New Builds
They’re also offering 95% Loan-to-Value (LTV) mortgages on both older properties and new builds—something not all lenders currently provide. If you’ve only managed to save a 5% deposit, this could give you more choice.
3. Cashback for First-Time Buyers
Selected Santander products include up to £1,000 cashback—a helpful boost when you're dealing with costs like legal fees, moving expenses, or even a few new bits of furniture.
4. Free HomeFact Condition Report
Some Santander mortgages include a free HomeFact condition report, which can help highlight any issues with the property. It’s a nice bonus that can offer extra peace of mind.
5. Quick Decision in Principle (DIP)
They also offer an easy way to get a DIP online or over the phone, without affecting your credit score—a great tool to help you feel more prepared and show sellers you’re serious.
While Santander may be a good fit for some, they’re just one of the many lenders we work with. As a mortgage broker with access to an unrestricted range of first charge mortgages, we’ll help you explore all the options and find the right deal based on your needs and goals—not just what one lender is offering.
We’ve helped hundreds of first-time buyers in and around Basingstoke navigate their journey, and we’re always happy to have a no-pressure chat to see how we can help you too.
If you're thinking about buying your first home, you can:
We’re here to walk you through every step—from working out your budget to picking up the keys to your new home.
Let us help you take that first step with confidence—get in touch today for honest, tailored advice.
đź”’ Risk Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.
