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 and product transfer rate increases by up to 0.35%
On Tuesday 17 March, we’re increasing our new business FTB, home mover, large loan, remortgage and BTL rates by up to 0.35%.
In our product transfer range, we’re also increasing our residential and BTL rates by up to 0.30%.
New business
Fixed rate increases
- Residential including large loans – all fixed rates increasing by up to 0.35%. My First Mortgage 10k deposit fixed rate increasing by 0.20%.
- BTL purchase and remortgage – all fixed rates increasing by up to 0.35%.
Tracker rate increases
- Residential including large loans – all tracker rates increasing by 0.35%.
Product transfers
Fixed rate increases
- Residential and BTL – all fixed rates increasing by up to 0.30%.
Tracker rate increases
- Residential and BTL – all tracker rates increasing by up to 0.15%.
If you’d like to change or cancel a new deal for your client:
- If you haven’t accepted the product transfer offer on behalf of your client yet, you can select a new product in the online mortgage transfer service for your client and a new offer will be issued. Please make sure you accept the correct offer for the deal they wish to book.
- If you’ve already accepted their new deal and it hasn’t yet started, you can change to a different deal or cancel the one that’s already booked for them. You must do this at least 14 days before their new deal starts. Please see the ‘How to change or cancel a pre-booked deal’ section on the product transfers page.
Whilst a product transfer is pending, your client can’t make any other changes to their mortgage until that new deal has started. This includes a switch to interest only for 6 months or a term increase under the Mortgage Charter, and other changes such as overpayments.
Kickstart your client’s new build journey today
When it comes to new build, we aim to lead the market, not just participate in it.
Our offering is designed to support you and your clients through the complexities of new build transactions. We’re confident we’re the top choice for new build mortgages.
Here’s why we stand out:
Specialist New Build Desk – Our highly experienced team understands the unique challenges, timelines and complexity of new build cases.
Enhanced affordability on new builds – Allowing your clients to borrow more if they’re buying a new build home.
Offers valid for 9 months – Providing certainty where longer build times are expected.
Attractive incentives available across all LTVs – including stamp duty, legal and estate agent’s fees above 90% LTV (max 5%).
Generous income multiples for FTBs – We can offer lending of up to 5.50x income for higher earners, helping more FTBs step onto the property ladder.
Product transfers with no dual pricing – Your clients can stay with us for a product transfer with competitive rates and no dual pricing. New builds = new relationships.