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 fixed rate increases
On Tuesday 22 October, we’re increasing most of our new business and product transfer fixed rates by up to 0.20%.
There’ll be no changes to our tracker products in our new business or product transfer ranges.
New business
- Most of our standard residential fixed rates increasing by 0.20% across purchase, remortgage and green products.
- Selected large loan fixed rates increasing by 0.10%.
- All new build fixed rates increasing by 0.20%
- All Buy to Let and green Buy to Let fixed rates increasing by 0.20%.
Product transfers
- All residential fixed rates increasing by up to 0.20%.
- All Buy to Let fixed rates increasing by 0.20%.
- For clients who want to change or cancel their new deal.
- If they haven’t accepted their product transfer offer yet, you can select a new product in the online mortgage transfer service for them and a new offer will be issued. Please make sure your client accepts the correct offer for the deal they wish to book.
- If they’ve already accepted their new deal, 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 ‘Product transfer cancellation process’ section on the Product transfers page
- 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.
Further information
- Full details of our new business range can be found in rate bulletin (issue 28) and new build rate bulletin (issue 25). Our latest mortgage rates page will be updated on Tuesday 22 October.
- From Tuesday 22 October you can log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of product transfer rates. You won’t find these on sourcing systems.
- You must submit your new business and product transfer applications on our current ranges by 10pm on Monday 21 October.