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 changes
On Thursday 28 November, we’re increasing selected residential and Buy to Let (BTL) fixed rates across the new business and product transfer ranges by up to 0.18%.
We’re also launching a new range of 2 year fixed rates for purchase customers borrowing up to £250,000.
New business
- NEW! 75% – 95% LTV 2 year fixed rates for purchase customers with a maximum loan size of £250,000. Options available with a £749 or £0 product fee.
- Increasing selected standard residential fixed rates across purchase, remortgage and green products by up to 0.18%.
- Increasing all new build fixed rates by up to 0.13%.
- Increasing selected BTL and green BTL fixed rates by up to 0.13%.
- Withdrawal of 60% LTV 2 and 5 year residential green remortgage fixed rates with a £0 fee.
- No change to large loan fixed rates.
- No change to tracker rates.
Product transfers
- Increasing selected residential fixed rates by up to 0.09%.
- Increasing selected BTL rates by up to 0.04%.
- No change to tracker rates.
- 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 31) and new build rate bulletin (issue 28). Our latest mortgage rates page will be updated on Thursday 28 November.
- From Thursday 28 November you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of product transfer 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 Wednesday 27 November.