New Build Mortgage Guide

Reviewed 2026-08-19

Santander new-build mortgage criteria

New-build max LTV (houses)

up to 95% LTV

New-build max LTV (flats)

up to 95% LTV

Builder gifted deposit

Yes

CriteriaVerdictDetail
New-build max LTV (houses)Yes
  • up to 95% LTV

95% up to £570k loan (houses)

New-build max LTV (flats)Yes
  • up to 95% LTV

95% only up to £380k loan (flats)

Builder gifted depositYes
Gifted deposit (family)Yes
Max LTV (standard)Yes
  • up to 95% LTV
  • Note: Loan-size tiers (houses): 95% <=GBP570k, 90% GBP570k-1m, 85% GBP1-2m, 75% GBP2-3m. Flats: 95% <=GBP380k, 90% GBP380k-1m, 85% GBP1-2m. New build houses and flats 95%. Source is Santander's own generated residential criteria PDF (residential_2026-07-15, 77pp). | 'My First Mortgage' 98% excluded - first time buyers only, minimum GBP10,000 deposit. Prior corpus value of 90 was the GBP570,001-GBP1,000,000 loan-size tier, not the headline.

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.

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