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16 Jun 2024
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Go Direct Personal Finance News  2009

Santanda Confirm Help to Buy Scheme

Help to Buy: mortgage guarantee

We will be joining the Government’s Help to Buy: mortgage guarantee scheme in January 2014 and will be offering a new range of 95% LTV mortgages.

How it works

Your requirements:

  • Will need a deposit of at least 5% but less than 10% of the property value.
  • Owns 100% of the property.
  • Is not credit impaired or has had more than £500 in CCJ's in the past 3 years.
  • Will need to meet our lending policy for loans over 90% LTV.


Eligibility criteria

To apply for a mortgage with us under the Help to Buy: mortgage guarantee scheme you will need to meet the following eligibility criteria:

  • You are at least 18 years of age and a UK resident.
  • The mortgage is for a residential property in the UK (but not in the Isle of Man) and this is their only property.
  • You are living in or intend to live in the property and not rent it out.
  • The property value is no more than £600,000.
  • You are not participating in any other Government schemes such as Help to Buy: equity loan, Shared Ownership or Right to Buy.
  • The mortgage is between 90.1% and 95.0% of the property value
  • The mortgage must be taken on a Repayment basis.

If you would like to speak to an advisor about Help to buy mortgages please complete our enquiry form and an advisor will call you to discuss your options.


Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349

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