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
Residential and Buy to Let affordability rates going down
On Tuesday 10 September, we’ll be making some changes to our residential and Buy to Let affordability rates.
Residential affordability rates
Following the Bank of England base rate going down in August, we’ll be reducing our residential affordability rates.
Please use our affordability calculator on our website to get an accurate reflection of what we can lend your clients.
Buy to Let affordability rates
Our Buy to Let affordability rates will be going down:
Please use our Buy to Let calculator on our website to get an accurate reflection of what we can lend your clients.
Pipeline rules
All full mortgage applications (FMAs) submitted by 10pm on Monday 9 September won’t be affected by these changes.
Any FMAs submitted from 6am on Tuesday 10 September will be assessed using our new lending policy.
If a material change is made to an existing application from 6am on Tuesday 10 September, the case will be reassessed using our new lending policy.