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
Residential affordability rate reduction temporarily delayed
We’re sorry the residential affordability rate reduction has been temporarily delayed and hasn’t gone live today. We’re expecting the change to go live by the end of this week
Santander residential affordability rates improving
On Wednesday 4 December, we’re reducing our residential affordability rates, helping you to help more of your clients get the mortgage amount they need. This follows the Bank of England base rate going down in November.
Use our affordability calculator on our website to find out what your clients could borrow.
Pipeline rules
All full mortgage applications (FMAs) submitted by 10pm on Tuesday 3 December won’t be affected by these changes.
Any FMAs submitted from 6am on Wednesday 4 December will be assessed using our new lending policy.
If a material change is made to an existing application from 6am on Wednesday 4 December, the case will be reassessed using our new lending policy