The NewBuy scheme is a Government-backed programme designed to help people who only have a deposit of 5-10% to buy a newly built home in England.
Our competitive range of 95% LTV NewBuy mortgages are available whether you're looking to buy your first home or if you're looking to move, on newly built houses and flats from the following developers:
All of our NewBuy products offer a free standard valuation on property valued up to £2.5 million and £250 cashback when you move in. You only need to repay the cashback if you repay your mortgage within the first two years.
Part-exchange may be accepted on the NewBuy scheme. Please speak to one of the developers above for more details.
Our NewBuy mortgages are not available through Santander's branch or telephone network. They are available through a select group of Financial Advisers nominated by the developers above.
Please contact one of the developers' local new build sales offices to find out more. Details of a sales office near you can be found on www.newbuy.org.uk
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Frequently Asked Questions
What is NewBuy?
Do you offer NewBuy mortgages?
Do you offer part exchange?
Do I have to take out a 95%LTV mortgage?
Do I qualify under the scheme?
How can I apply for a Santander NewBuy mortgage?
Where can I find out more information about the NewBuy Scheme?
What is NewBuy?
The NewBuy scheme was launched by the Government on 12 March 2012. It is designed to help people who only have a deposit of 5-10% to buy a newly built home in England.
Do you offer NewBuy mortgages?
We offer a range of 95% LTV NewBuy mortgages on newly built houses and flats from the following developers:
These mortgages are not available from Santander's branch or telephone network. They are available through a select group of Financial Advisers nominated by the developers above.
Please contact one of the developers' local new build sales offices to find out more. Details of a sales office near you can be found on www.newbuy.org.uk
Do you offer part exchange?
Part exchange may be accepted on the NewBuy scheme. Please speak to your builder for more details.
Do I have to take out a 95%LTV mortgage?
No, the scheme covers mortgages up to a maximum deposit of 10% for both newly built houses and flats.
If you have a larger deposit of:
then you can apply for a mortgage from Santander's standard mortgage range.*
Do I qualify under the scheme?
If you can answer 'Yes' to all the following questions, and you can meet Santander's lending criteria, you may be able to buy a property as long as you have saved between 5% and 10% deposit.
How can I apply for a Santander NewBuy mortgage?
Please contact the sales office of your local Barratt Homes, Berkeley, Bovis Homes, or Persimmon new build development or one of their subsidiaries. They can put you in touch with a Financial Adviser who can help identify the available options so that you can decide which mortgage is best for you. Details of a sales office near you can be found on www.newbuy.org.uk
Where can I find out more information about the NewBuy Scheme?
You can find out further information on the NewBuy scheme from the official NewBuy Government backed website www.newbuy.org.uk
*All applications are subject to status and our current lending criteria.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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