View here for Santander’s latest announcements. Please remember that you can access Santander products, including semi-exclusive mortgages, through our direct to lender mortgage club which pays on completion. Contact us for more information. Visit Santander for Intermediaries website
Temporary withdrawal of selected lower LTV residential products
On Tuesday 21 June, we’re temporarily withdrawing all 60% LTV residential purchase and remortgage products along with all 75% LTV £0 fee residential purchase and remortgage products. There are no changes to any other rates, but charge and benefit end dates will be rolled on by one month, as will the completion deadline for purchases and product transfers.
In addition, we’re extending our completion deadline for remortgages by 2 months, allowing more time for customers whose deal is ending soon to secure their next deal.
Finally, due to the latest Bank of England base rate increase, the pay rates on all our base rate tracker products, including Follow-on Rate, will increase to reflect this with effect from Tuesday 21 June. This applies to new offers only. Existing Santander base rate tracker customers’ rates won’t change until July, and payments won’t change until August.
Withdrawn rates
- 60% LTV, 2 year fixed rate, 2.54%, £999 fee, purchase
- 60% LTV, 2 year fixed rate, 2.59%, £999 fee, remortgage
- 60% LTV, 5 year fixed rate, 2.69%, £999 fee, purchase and remortgage
- 60% LTV, 5 year fixed rate, 2.89%, £0 fee, purchase and remortgage
- 75% LTV, 2 year fixed rate, 2.89%, £0 fee, purchase and remortgage
- 75% LTV, 5 year fixed rate, 2.94%, £0 fee, purchase and remortgage
Monthly housekeeping
- Roll on of our charge and benefit end dates by one month to 2 October.
- Completion deadlines will change to:
- 5 November 2022 for product transfers
- 30 December 2022 for purchases
- 6 January 2023 for remortgages
- Fixed product codes will be replaced on all new business products.