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
Competitive fixed rate reductions
On Friday 4 October, we’re reducing selected standard residential and all Buy to Let fixed rates in our new business and product transfer ranges. We’re also reducing all new build fixed rates.
Plus, we’re reducing our green residential and Buy to Let remortgage fixed rates.
There’ll be no other changes to our product ranges.
New business
- Selected standard residential fixed rates for purchases and remortgages, including green remortgage, reducing by up to 0.29%.
- All new build rates reducing by up to 0.19%
- All Buy to Let fixed rates, including green Buy to Let remortgage, reducing by up to 0.17%
Product transfers
- Selected residential fixed rates reducing by up to 0.29%
- All Buy to Let rates reducing by up to 0.16%
- 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 25). Our latest mortgage rates page will be updated on Friday 4 October
- From Friday 4 October 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 3 October