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
All new business and product transfer fixed rates are going down
On Friday 1 November, we’re reducing all residential and Buy to Let fixed rates across the new business and product transfer ranges by up to 0.36%.
There’ll be no changes to our tracker products in our new business or product transfer ranges.
New business
- Reducing all standard residential fixed rates across the purchase, remortgage and green ranges by up to 0.30%.
- Reducing all large loan fixed rates by 0.15%
- Reducing all new build fixed rates by up to 0.36%
- Reducing all Buy to Let and green Buy to Let fixed rates by up to 0.20%
Product transfers
- Reducing all residential fixed rates by up to 0.30%
- Reducing all Buy to Let fixed rates by up to 0.20%
- 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.
- As this relaunch is within 14 days of Sunday 3 November 2024, you won’t be able to cancel any pre-booked deals due to start on this date.
Further information
- Full details of our new business range can be found in rate bulletin (issue 29) and new build rate bulletin (issue 26). Our latest mortgage rates page will be updated on Friday 1 November.
- From Friday 1 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 Thursday 31 October.