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
Increase to tracker pay rates
On Wednesday 9 August, the pay rates on all our new business and product transfer tracker rates are increasing by 0.25% to reflect the recent Bank of England base rate increase from 5.00% to 5.25%.
The rates and fees on our fixed rate products are not changing.
No action is required for pipeline cases.
For existing Santander and Alliance & Leicester customers who are on a base rate tracker mortgage, their rate will increase by 0.25% from the beginning of September.
Further information
Full details of our new business mortgage range can be found in Rate Bulletin (issue 21). You’ll find this on our Latest mortgage rates page from Wednesday 9 August.
Residential fixed rate reductions in the new business range
On Monday 14 August, we’re reducing selected residential purchase and remortgage fixed rates by up to 0.29%.
There are no changes to residential trackers or the Buy to Let range. Product transfer rates are also not changing.
Further information
Full details of our new business mortgage range can be found in Rate Bulletin (issue 22). You’ll find this on our Latest mortgage rates page from Monday 14 August.