New-build max LTV (houses)
up to 95% LTV
New-build max LTV (flats)
up to 95% LTV
Builder gifted deposit
Yes
| Criteria | Verdict | Detail |
|---|---|---|
| New-build max LTV (houses) | Yes |
95% up to £570k loan (houses) |
| New-build max LTV (flats) | Yes |
95% only up to £380k loan (flats) |
| Builder gifted deposit | Yes | — |
| Gifted deposit (family) | Yes | — |
| Max LTV (standard) | Yes |
|
Source: lender intermediary criteria, every row verified on or since 2026-07-10 (most recent check 2026-08-19). Criteria change frequently — always confirm current policy with the lender or a broker.
Adviser's view
Santander new-build mortgage criteria at a glance
- Max LTV (houses): 95%, holding up to a £570k loan
- Max LTV (flats): 95%, holding up to a £380k loan — one of the more generous flat positions
- Above those thresholds: LTV tiers down in the usual way as the loan gets larger
- Builder-gifted deposits: accepted, alongside ordinary family gifts
Santander is one of the more generous lenders on new-build flats, matching its 95% house ceiling rather than stepping down heavily — though the loan-size condition bites earlier on flats: the 95% figure holds only up to a £380k loan, against £570k for houses. Above those thresholds the LTV tiers down in the usual way as the loan gets larger.
That makes Santander worth a look specifically for higher-value flat purchases where other lenders would already have dropped to 85% or lower, provided the loan stays inside the relevant band. Builder-gifted deposits are accepted alongside ordinary family gifts, so incentive-heavy new-build purchases aren't automatically a problem here.
The table above has the current positions; confirm the loan-size thresholds with Santander before applying, since they drive the LTV as much as the property type does, and a loan just over a threshold can lose several points of LTV in one step.
FAQ
Does Santander lend on new-build properties?
Yes. Santander lends up to 95% LTV on both new-build houses and flats — one of the more generous flat positions in the market — though the 95% figure holds only up to a £380k loan on flats and £570k on houses, tiering down above those thresholds as the loan gets larger.
What loan-size limits apply to Santander's 95% new-build LTV?
Santander's 95% LTV holds up to a £570k loan on new-build houses and £380k on flats; above those thresholds the LTV tiers down as the loan grows, and a loan just over a threshold can lose several points of LTV in one step — so loan size drives the ceiling as much as property type.