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
Important changes across the new business and product transfer ranges
Following an unprecedented increase in funding costs, we’re making further changes to our mortgage ranges on Monday 3 October:
- We’re temporarily withdrawing all new business Buy to Let products plus the 95% LTV 2 year fixed rate.
- At the same time, all fixed rate products in the product transfer range and the residential new business range are increasing by 1.50%.
- Finally, we’re reintroducing residential fixed rates with a product fee.
We must receive FMAs for products in Rate Bulletin (Issue 19) by 5pm on Sunday 2 October. No action is required for pipeline cases or valid FMAs already submitted by this time.
We understand that this is an extremely difficult time for you and want to thank you for all the help and support that you’re giving to your clients.
Product transfers
- All fixed rate residential, Buy to Let and Consent to Let products will increase by 1.50%
- Product transfer rates are tailored to each customer; you won’t find them on sourcing systems. Please log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of rates
Further information
- Product codes will be replaced on all fixed rates
- Full details of our new business mortgage range can be found in Rate Bulletin (Issue 20). You’ll find this on our website from Monday 3 October