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! Pre-book a product transfer 6 months ahead
In line with the Mortgage Charter, we’ll soon be launching extra support for our existing customers.
Product transfers
From Tuesday 25 July, you’ll be able to book a new deal for your client 6 months before their current fixed rate deal ends. This will be available online or by phone direct to customers from the same date.
This follows the launch on Monday 10 July of the ability for you to view our current product transfer rates online.
For more details on how to submit a request, view current rates and cancel a request, go to our product transfers page.
Switch to interest only for 6 months or increase the mortgage term
From Monday 24 July, your clients will be able to reduce their monthly payments if they’re up to date with their payments and they want to:
- change from a repayment mortgage to interest only for 6 months, or
- increase their mortgage term
Your clients will need to apply directly by phone or online.
Further information
Whilst a product transfer is pending, your client cannot 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. If they already have a Mortgage Charter change in place, they also cannot submit a request for a product transfer.
Working with you…Deposits funded from outside the UK
Please always review our lending criteria before submitting an application where funds originate from outside of the UK.