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Santander Teams Up with Real Estate Companies and the ICO to Launch a ‘Help to Buy’ Program for Young People

The entity is working with the construction sector and the ICO to launch a home purchase program aimed at young people by offering mortgages for up to 95% of a property's value.

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The President of Banco Santander, Ana Botín, has indicated that she is working with the construction sector and the Official Credit Institute (ICO) to launch a home purchase program aimed at young people that would allow them to obtain a mortgage of up to 95% of the value of a property, according to comments made in an interview with El País.

The President of the financial institution has explained that this program would mean the creation of nearly 500,000 jobs, the construction of 150,000 homes and would help “thousands of young people to move out of home.”

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