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
Increases between 0.05% and 0.10% across our residential, BTL and product transfer ranges.
On Tuesday 8 February, we’re increasing rates on selected products by between 0.05% and 0.10%.
At the same time, following last week’s announcement by the Bank of England to increase the base rate from 0.25% to 0.50%, all new business tracker pay rates will increase by 0.25% in line with the base rate increase. No action is required for any pipeline cases.
There are no changes to completion dates.
New business
Increased rates – residential – 2 year fixed
- 75% LTV 1.44% with a £999 fee remortgage – increased by 0.05%
- 75% LTV 1.39% with a £999 fee purchase – increased by 0.05%
- 75% LTV 1.64% with a £0 fee remortgage – increased by 0.05%
- 75% LTV 1.59% with a £0 fee purchase – increased by 0.05%
- 80% LTV 1.44% with a £999 fee purchase – increased by 0.05%
- 80% LTV 1.49% with a £999 fee remortgage – increased by 0.05%
- 85% LTV 1.54% with a £999 fee remortgage – increased by 0.05%
Increased rates – BTL – 2 year fixed
- 60% LTV 1.79% with a £0 fee remortgage and purchase – increased by 0.10%
- 60% LTV 1.34% with a £1499 fee remortgage and purchase – increased by 0.05%
- 75% LTV 1.94% with a £0 fee remortgage and purchase – increased by 0.10%
- 75% LTV 1.44% with a £1499 fee remortgage and purchase – increased by 0.05%
Increased rates – BTL – 5 year fixed
- 60% LTV 1.94% with a £0 fee remortgage and purchase – increased by 0.05%
- 60% LTV 1.64% with a £1499 fee remortgage and purchase – increased by 0.05%
- 60% LTV 1.69% with a £999 fee remortgage special – increased by 0.05%
- 75% LTV 2.09% with a £0 fee remortgage and purchase – increased by 0.05%
- 75% LTV 1.84% with a £1499 fee remortgage and purchase – increased by 0.05%
- 75% LTV 1.89% with a £999 fee remortgage special – increased by 0.05%
Visit our website for full details of our new business changes.
Product transfers
On Tuesday 8 February, we’re updating the product transfer range as follows:
- Increases on selected fixed rate residential products of 0.05% (up to 85% LTV).
- Increases on Buy to Let and Consent to Let products of either 0.05% or 0.10%.
- Following last week’s announcement by the Bank of England to increase the base rate from 0.25% to 0.50%, all tracker pay rates, including Follow-on-Rate, will increase by 0.25% in line with the base rate increase. No action is required for any pipeline cases.
Santander product transfer rates are personalised to each customer, so you won’t find them on sourcing systems. Please log on to our Online Mortgage Transfer Service in Introducer Internet on behalf of your client to view the rates available to them.