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 rates update
On Wednesday 26 October, we’re pleased to be reducing selected new business residential fixed rates by between 0.05% and 0.50% and all Buy to Let fixed rates by 0.05%. In addition, we’re withdrawing the 95% LTV 2 year fixed rate. The 95% LTV 2 year tracker and 5 year fixed rate will still be available.
In the product transfer range, we’re reducing all residential 5 year fixed rates by between 0.05% and 0.25% and withdrawing all 7 year fixed rates.
Product transfers
- All residential 5 year fixed rates have decreased by between 0.05% and 0.25%
- Withdrawal of all 7 year fixed rates
- From Wednesday 26 October, product transfer rates will become available for clients whose existing deal ends before 5 March 2023
- 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
Monthly housekeeping
- Roll on of our charge and benefit end dates by one month to 2 February
- Completion deadlines have been rolled on to:
– 5 March 2023 for product transfers
– 28 April 2023 for purchases
– 5 May 2023 for remortgages - Fixed rate product codes will be replaced across the new business and product transfer ranges