Santander brings in new £999 fee from Friday but it's a 'win' for customers The changes from the lender will come into effect from today (May 2) in a win for prospective homebuyers navigating the property market. Santander brings in new £999 fee from Friday but it's a 'win' for customers Santander is set to overhaul mortgage products in a win for homebuyers. The changes from the lender will come into effect from today (May 2) in a win for prospective homebuyers navigating the property market. There are 43 new build specific mortgages with a range of 60 per cent to 95 per cent LTV, two and five-year fixed rates, as well as two-year tracker rates. ‌ And cashback of £250 is also being rolled out for new build products from 85 per cent LTV up to 90 per cent LTV for first-time buyers and 95 per cent LTV for home movers. ‌ READ MORE Six driving law changes in May set to affect millions of drivers Graham Sellar, the bank's head of Intermediaries, said: "There's a renewed focus on the new build market spurred on by the Government's ambition to create 1.5 million new homes, in part through new towns. "We’re pleased to bolster our new build offering, alongside new three-year fixes and broad-reaching rate reductions, to support our brokers and customers access more options to help them on their homeownership journey." Article continues below New build, new products - fixed Home movers 60 per cent LTV two-year fixed rate, £999 fee, 3.89 per cent 60 per cent LTV five-year fixed rate, £999 fee, 3.92 per cent 85 per cent LTV five-year fixed rate, £999 fee, £250 cashback, 4.28 per cent 95 per cent LTV five-year fixed rate, £0 fee, £250 cashback, 4.90 per cent. First-time buyers ‌ 60 per cent LTV two-year fixed rate, £999 fee, 3.94 per cent 85 per cent LTV two-year fixed rate, £999 fee, £250 cashback, 4.29 per cent 95 per cent LTV five-year fixed rate, £0 fee, £250 cashback, 4.99 per cent New build – new products – trackers Home movers 60 per cent LTV two-year tracker rate, £999 fee, 4.64 per cent 75 per cent LTV two-year tracker rate, £999 fee, 4.90 per cent 90 per cent LTV two-year tracker rate, £0 fee, 5.54 per cent. ‌ First-time buyers 60 per cent LTV two-year tracker rate, £999 fee, 4.69 per cent 75 per cent LTV two-year tracker rate, £999 fee, 4.95 per cent 90 per cent LTV two-year tracker rate, £0 fee, 5.59 per cent Three year-fixed – new products Home movers Article continues below 85 per cent LTV three-year fixed rate with a £999 fee, £250 cashback, 4.49 per cent 90 per cent LTV three-year fixed rate, £999 fee, £250 cashback, 4.75 per cent 95 per cent LTV three-year fixed rate, £0 fee, £250 cashback, 5.23 per cent. First-time buyers