Santander enters ultra-high LTV market with 98% mortgage
Original Article Summary
First-time buyers can now borrow with just 2% down
PropMatch Curated Analysis
Santander becomes first major high street bank to offer 98% LTV mortgages at 5.19% for first-time buyers, expanding ultra-high LTV market access but with increased negative equity risks.
Investor Relevance
This market development could increase competition for first-time buyer properties, potentially driving up purchase prices and affecting rental demand as more renters transition to ownership with smaller deposits required.
Original Source:
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