Step 1: Why move your mortgage to Santander?


Remortgaging means moving your mortgage from one lender to another whilst staying in the same home. You take on a new mortgage with your new lender and this effectively replaces the one with the existing lender.

There are many reasons why you may want to move your mortgage to us including to reduce your mortgage payments, borrow more money or you may have a change in circumstances.

To find out more please click on the relevant sections below.

1 To reduce your mortgage payments+

You may have taken out a mortgage a few years ago and be paying a higher rate of interest than one that we’re offering, or a variable rate which you’d like to swap for a fixed rate so that you can budget more efficiently. Finding a lower rate of interest when you move your mortgage, means that your monthly payments will be lower.

2 To borrow more money+

You may want to make home improvements as a cheaper alternative to moving home. Borrowing more money through a new mortgage allows you to do this by releasing some of the equity in your home. Remember though, that increasing the size of your mortgage may mean larger monthly payments.

3 Change in circumstances+

Any change in your circumstances could lead to different mortgage requirements. You may have suddenly come into some money and want to pay off some of your mortgage or reduce your mortgage term.

You may have an Interest Only mortgage and feel that your investment vehicle is not going to cover your mortgage and so need to change to a Repayment mortgage.

Important Information


All applications are subject to status and our leading criteria. This means that the ammount we will lend you will not depend on your individual circumstances, the type of property and the ammount you borrow. For example, we nay require a higher deposit if you are buying a flat or a new built property.