Terms and Conditions
Early Repayment Charges
There is an early repayment charge if you pay back your mortgage before the end of the product term.
Terms and Conditions of Benefit Packages
Most of our products offer special benefit packages for customers who are remortgaging or buying a new home. Benefits such as cash back or paid legal fees are repayable if you repay your mortgage within the first two years. For example, where we arrange for the standard legal work to be carried out, we will not charge for this service. However, we will levy an early repayment charge equivalent to the costs we have incurred in dealing with your remortgage if the mortgage is repaid within the first two years. This early repayment charge will not be payable if you are moving home and you arrange a new mortgage with Santander.
The payment of this early repayment charge will be in addition to any fee or charge (including any other early repayment charge) applicable under any other offer condition.
You will be asked to pay the following third party fees (if they apply to you) in respect of (a) the landlord's registration fee for registering the mortgage with the landlord in accordance with the terms of the lease, if the property is leasehold; and (b) the additional Land Registry registration fee, if the title to the property is unregistered.
If any additional work is required, which is not normally associated with a remortgage, then this must be at your own cost. You will be provided with details of any additional fees or the costs of additional work before any work is carried out. You are free to take legal advice and instruct an independent solicitor to act for you but this must be at your own cost.
We will not pay for:
Abortive legal costs if the transfer of your mortgage is not completed. In such circumstances the right is reserved to charge for any abortive costs, up to a maximum of £75 plus VAT and any disbursements incurred.
Additional legal costs involved in rectifying title defects, dealing with transfers of equity or any other legal matters not normally associated with a transfer of a mortgage. You will be advised as to the likely cost before any work is undertaken.
Costs you incur in taking your own separate and independent legal advice.
Customers whose mortgage is subject to an early repayment charge when a capital repayment is made are allowed to make capital repayments of up to 10% each calendar year of their outstanding balance as at 1 January each year.
If the mortgage completes during the year then up to 10% of the opening balance may be repaid without incurring a charge.
Any repayments in excess of 10% will attract the early repayment charge on the amount of the excess as set out in the offer conditions.
The minimum allowable capital repayment is £500.
The minimum additional loan is £5,000. Where existing customers are not moving home, and no other changes are being made to the existing mortgage special offers can only be applied to the additional loan.
All offers are subject to availability and may be withdrawn at any time.
All applications are subject to status and our current lending criteria. This means that the amount we will lend you will depend on your individual circumstances, the type of property and the amount you borrow. For example, we may require a higher deposit if you are buying a flat or a new build property.
Mortgages and additional loans require a charge on your property and are subject to status and valuation and are not available to persons under 18 years of age and the mortgage term can not expend past any mortgage applicants 75th birthday.
Written quotations are available on request.
We require buildings insurance on the property.
Your application and credit scoring
Please view our attached factsheet
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE