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Four in five young people not interested in learning about debt management, despite prevalence of borrowing
year-olds show an interest in learning about debt management, according to new dataLess than a third (30%) were taught about student loans at school, and only one in 10 (12%) learnt about personal loansResearch from Santander1 reveals that only one-in-five (20%) young ... these important topics, with less than a third (30%) of young people surveyed learning about student loans at school. Only 12% had learnt about personal loans, and a fifth (21%) recall learning about credit cards, with more than a quarter expressing a desire to know
https://www.santander.co.uk/about-santander/media-centre/press-releases/four-in-five-young-people-not-interested-in-learningSantander updates mortgage policies to give buyers a wider selection of products
contributions for PAYE and self-employed applicants, enabling applicants to borrow more.Changes to larger loans Santander will also make changes to the LTVs on residential fixed rate larger loans to help improve affordability. For all mortgages between ... Home ownership is a key focus for many, but affordability can often be people’s Achilles heel. Today’s changes, including opening up interest only products for more people, while reflecting recent tax changes that improve people’s take-home
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-updates-mortgage-policies-to-give-buyers-aSantander updates Loan to Income policy, unlocking thousands more in borrowing for buyers
Santander UK has announced improvements to its Loan to Income thresholds from 12 August, enabling borrowers to potentially access thousands more when applying for a mortgage. The updates, which come in response to the amended loan to income rules announced by the Treasury ... access 5.5x their income.As a result of the changes, Santander calculates that customers will potentially be able to access thousands more, for example:Example 1 – Joint applicants – Capital and Interest loan, 25-year termEquity/ Deposit Dependants
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-updates-loan-to-income-policy-unlockingSantander launches 95% LTV mortgages as part of Government Mortgage Guarantee Scheme
mortgages as part of Government Mortgage Guarantee Scheme 19 April 2021 From Tuesday 20 April 2021, people looking to buy a new home can apply for one of three, fee free, 95% LTV mortgage products provided by Santander, as part of the Government ... flats and leasehold properties up to £400,000, are available to first-time buyers and home-movers. The mortgages available are: two year tracker rate at 3.99%; zero product fee; free valuation three year fixed rate at 3.99%; zero product fee; free valuation
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-launches-95-ltv-mortgages-as-part-ofSantander reduces mortgage rates across product range
with the lowest rate for both house purchase and remortgage customers now at 3.99%(1). The bank is reducing rates across Loan-to-value (LTV) brackets and across two-, three- and five-year fixed terms deals providing greater choice for customers. Changes made today include ... year fixed rate product range. Aaron Shinwell, Chief Operating Officer – Homes at Santander said: “We are working hard to help customers right across the mortgage market, whether buying their first home, moving house or remortgaging. By reducing rates in a range
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-reduces-mortgage-rates-across-product-range-0Santander reduces mortgage rates across product range
with the lowest rate for house purchase customers now at 3.94%(1). The bank is reducing rates across loan-to-value (LTV) brackets and across two, three and five year fixed terms deals. Changes made today include: 60% LTV 5-year fixed rate ... market and the changes announced today will help a wide range of customers right across the mortgage market, whether buying their first home, moving house or remortgaging. “Our teams continue to be on hand to support homebuyers with average timelines from initial mortgage application
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-reduces-mortgage-rates-across-product-range-1Pandemic pressures risk locking first-time buyers out of homeownership dream
first-time buyers said they had delayed plans to move home while there was uncertainty on what their future remote working policy might be. Tracie Pearce, Chief Customer Officer, Homes at Santander commented: “The impact of the pandemic on the housing market ... been significant with many people reassessing what they want from their homes and making the most of a booming market and government support with stamp duty. However, many younger people looking to take their first step on the property ladder have seen their earnings
https://www.santander.co.uk/about-santander/media-centre/press-releases/pandemic-pressures-risk-locking-first-time-buyers-outPress releases
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