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
Working with you…Product transfer cancellation process
Our product transfer cancellation process is for change of product only. No cancellations are allowed once the deal has started.
Take a look at our product transfer cancellation process guide or visit our product transfer page on our website for more help and support
Increasing selected fixed rates
New Buy to Let products plus increases to residential fixed rates
On Tuesday 23 May, we’re introducing new large loan Buy to Let fixed rates and increasing selected residential fixed rates in the new business and product transfer ranges. We’re also introducing new residential options across both ranges and reducing selected lifetime tracker rates in the product transfer range. Charge and benefit end dates and completion deadlines will roll on by one month.
New business
- Selected residential fixed rates increasing by between 0.03% and 0.15%
- New residential 60% LTV 5 year fixed rate at 4.28% with no fee for purchase clients
- New Buy to Let 75% LTV 5 year fixed rate at 4.59% with a £3,999 fee for larger loans (minimum £250k). This is available for both remortgage and purchase clients
Product transfers
- Selected residential fixed rates increasing by between 0.03% and 0.07%
- Selected lifetime tracker rates reducing by 0.45%
- New 1 year fixed rate options
- New Buy to Let 75% LTV 5 year fixed rate at 4.59% with a £3,999 fee for larger loans (minimum £250k)
- As this relaunch includes new options and is within 14 days of Saturday 3 June, we’re applying an exception to our cancellation post acceptance policy. We’ll allow any pre-booked deals due to start on Saturday 3 June to be cancelled until close of business on Wednesday 24 May. This exception provides two days to identify and submit cancellation requests. Requests after this date will be rejected. All other criteria remains unchanged
- Please log on to our online mortgage transfer service in Introducer Internet to view your client’s choice of rates. You won’t find these on sourcing systems. If you’re happy to use an estimated LTV, you can find the full range in the product transfer rate bulletin on our latest rates page from Tuesday 23 May
Monthly housekeeping
- Roll on of our charge and benefit end dates by one month
- Completion deadlines have been rolled on to:
- 5 October 2023 for product transfers
- 30 November 2023 for purchases
- 5 December 2023 for remortgages
- Product codes will be replaced across the new business and product transfer ranges
Further information
Full details of our new business range can be found in Rate Bulletin (issue 12). You’ll find this on our website from Tuesday 23 May
Working with you…Buy to Let
