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
New business and product transfer fixed rate reductions
On Friday 6 September, we’re reducing all standard residential and selected Buy to Let fixed rates in our new business and product transfer ranges. We’re also reducing all new build and large loan fixed rates in our new business range.
There will be no change to our tracker products.
New business
- All standard residential fixed rates reducing by between 0.03% and 0.27% for purchases and remortgages.
- All new build fixed rates reducing by between 0.06% and 0.25%.
- All large loan fixed rates reducing by 0.10% for purchase and remortgages.
- Selected Buy to Let fixed rates reducing by between 0.11% and 0.27%.
Product transfers
- All residential fixed rates reducing by between 0.03% and 0.32%.
- Selected Buy to Let fixed rates reducing by between 0.10% and 0.23%.
- For clients who want to change or cancel their new deal.
- If they haven’t accepted their product transfer offer yet, you can select a new product in the online mortgage transfer service for them and a new offer will be issued. Please make sure your client accepts the correct offer for the deal they wish to book.
- If they’ve already accepted their new deal, you can change to a different deal or cancel the one that’s already booked for them. You must do this at least 14 days before their new deal starts. Please see the ‘Product transfer cancellation process’ section on the Product transfers page.
- Whilst a product transfer is pending, your client cannot make any other changes to their mortgage until that new deal has started. This includes a switch to interest only for 6 months or a term increase under the Mortgage Charter, and other changes such as overpayments.
Further information
- Full details of our new business range can be found in Rate Bulletin (Issue 22). Our latest mortgage rates page will be updated from Friday 6 September.
- From Friday 6 September you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of rates. You won’t find these on sourcing systems.
- You must submit your new business and product transfer applications on our current ranges by 10pm on Thursday 5 September.