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 fixed rate increases
On Monday 5 June, we’re increasing all residential new business fixed rates by between 0.05% and 0.43% and withdrawing the 60% LTV remortgage 5 year fixed rate at 4.08% with a £999 fee. We’re also increasing all Buy to Let new business fixed rates by 0.25%.
There are no changes to the product transfer range.
Further information
- Full details of our new business range can be found in Rate Bulletin (Issue 13). You’ll find this on our website from Monday 5 June
- We must receive FMAs for products in Rate Bulletin (Issue 12) by 6pm on Sunday 4 June. They won’t be available after this time
Product transfer fixed rate increases
On Thursday 8 June, we’re increasing all residential and Buy to Let product transfer fixed rates by between 0.05% and 0.33%. We’re also withdrawing the 75% LTV Buy to Let remortgage 5 year fixed rate at 4.59% with a £3999 fee.
Further information
- Please 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. If you’re happy to use an estimated LTV, you can find the full range in the product transfer rate bulletin on our latest rates page from Thursday 8 June
- As our rates are increasing, we don’t expect to see any cancellations for pre-booked deals starting in July. Our usual post acceptance cancellation policy and timescales will apply from Thursday 8 June. However, if you want to submit a cancellation for a replacement product from the 23 May range, you need to do this by 4pm on Wednesday 7 June
- We must receive requests for products in the product transfer rate bulletin (effective 23 May 2023) by close of business on Wednesday 7 June. They won’t be available after this time