New-build deals launched by Santander

Two new-build exclusives for borrowers who are not using the Help to Buy scheme are being launched by Santander.

The lender is launching the deals today for purchases only.

Both deals are fixed for 2.5 years at 85% loan-to-value.

One has a rate of 2.68% and a £999 feel, while the other has a rate of 2.98% and no fee.

At the same time the lender is also withdrawing a 60% LTV 5.5 year fix for Help to Buy purchases, which had a rate of 1.69% and a £999 fee.

Full details of the new deals and updated codes and end dates will be published on the intermediary website tomorrow.