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
Santander rate reductions
We’re pleased to tell you that on Tuesday 17 January, we’re reducing most new business residential and Buy to Let fixed rates by between 0.20% and 0.59% and residential trackers by between 0.15% and 0.50%. We’re also introducing a new 60% LTV residential remortgage fixed rate. At the same time, our Buy to Let fixed rates with no fee will be withdrawn and replaced with lower rate products which have a £349 fee.
In the product transfer range, all fixed and tracker rates for residential and Buy to Let (including Consent to Let) will reduce by up to 0.50%. The fee on the Buy to Let lifetime tracker will increase by £500 to £1,499.
Product transfer
Residential fixed rate reductions of between 0.20% and 0.50%, and residential tracker rates reduced by between 0.10% and 0.15%
Buy to Let fixed rate reductions of between 0.30% and 0.50%
Buy to Let lifetime tracker rate reduced by 0.20% and fee increased by £500 to £1,499
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. However, if you’re happy to use an estimated LTV, you can review what rates are available in the product transfer rate bulletin on our latest rates page from Tuesday 17 January