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Existing mortgage customers moving home

We know moving can be stressful but with our expert Mortgage Advisers you're in safe hands and they'll help you work out what's right for you so you can concentrate on getting the move sorted.

If you've got your mortgage with us already and you're looking to move home, you've got a couple of options available to you.

Option 1: Keep your current mortgage deal
If you want to keep your current mortgage deal because it’s lower than other mortgage rates available, you can apply to transfer it to your new home. This is known as ‘porting’.

Also you won’t pay an early repayment charge if you transfer the same amount. If you want to borrow more, you can apply for a new deal on the extra amount from our current mortgage range.

Normally you’d complete on your new home and pay off your old mortgage on the same day. If for some reason you’re unable to do this, you can still take your existing mortgage rate with you, as long as you complete on your new home within three months of paying off your old mortgage.

The only time you can’t is if you’ve got a Flexible Offset mortgage. On this type of mortgage, to take your rate with you, you must complete on your new home and pay off your old mortgage on the same day.

Option 2: Get a new mortgage deal
If you don’t want to keep your current mortgage rate because it’s higher than what’s available at the moment, you can apply for a new deal from our current mortgage range.

Also if you've got less than six months left on your existing deal when you apply for your new mortgage and it’s for at least the same amount, you won’t pay an early repayment charge. In future we may withdraw this offer. If you’ve got more than six months left, you'll need to pay an early repayment charge if one applies.

Plus, if you are a 1|2|3 Current Account or 1|2|3 Lite Current Account customer, there are other benefits available to you.

We want to make buying your new home easier, so we’ve provided useful guides, a simple video and mortgage calculators to help.
 
A guide to selling your home
A step-by-step guide to selling your home: who you need to involve and when, and the types of costs you can expect to pay.

A guide to moving home
step-by-step guide to moving home, who you need to involve and when, and the types of costs you can expect to pay.

Mortgages made simple
See customers and advisers talking about some useful tips on buying a new home in our Mortgages Made Simple video.

Different types of mortgages explained
Understand the differences between fixed and tracker rate mortgages. Different types of mortgages explained.

Budgeting for a mortgage
Work out what you spend each month with our handy budget planner.

There are several housing schemes we support that can make buying your next home easier.

Shared Ownership
This allows you to part-own, part-rent your home in the first instance. You can buy larger shares in your home - up to 100% - as time goes on.

  • These schemes are run by Housing Associations (non-profit organisations that own, let, and manage rental housing)

  • You need at least a 10% deposit for the share of the home you're buying with a mortgage

  • You pay a subsidised rent to the Housing Association for the part you rent.

You need to check with the Housing Association to see if you're eligible for a Shared Ownership scheme. If you are, you can choose from our full mortgage range and apply in your local Santander branch or over the telephone.

To find out how much you could borrow and what your monthly payments might be, use our mortgage calculator.

Find out more about Shared Ownership

Help to Buy: equity loan and London Help to Buy
This government-run scheme combines a mortgage with an equity loan and allows you to buy a brand new home in England.

  • You put in at least 5% deposit and the government could provide an equity loan of up to 20% of the purchase price, or up to 40% if you're buying in a London borough (London Help to Buy).

  • The equity loan is interest-free for five years after which you start being charged interest.

We don't offer these mortgages through branch or over the telephone, so you'll need to speak to a Financial Adviser.

Find out more about Help to Buy: equity loan and London Help to Buy

Forces Help to Buy
This is a Ministry of Defence (MOD) scheme designed to help you if you're regular armed forces personnel. It can't be used with any other mortgage schemes.

The MOD will see if you qualify, and you could borrow up to 50% of your annual salary (up to a maximum of £25,000) to pay the deposit on your first home. The loan is interest-free and must be paid back to the MOD within ten years through your salary.

The mortgage itself works in exactly the same way as a standard mortgage. You can choose from our full mortgage range and apply in your local Santander branch or over the telephone.

To find out how much you could borrow and what your monthly payments might be, use our mortgage calculator.

Find out more about Forces Help to Buy
 

Thinking of borrowing more? Find out how much we may be able to lend you with our mortgage calculator.

Our expert Mortgage Advisers will listen to your needs, offer advice and recommend the right mortgage for you. You can speak to them in a branch or over the phone.

Apply online
When you’ve found your next home and you’re ready to start your mortgage application, as long as you’re borrowing more, you can do this online and we’ll give you an instant decision in principle.

Apply now

Apply in branch or by phone
Alternatively, you can make an appointment in a branch or call us on 0800 068 6064.
Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays.

What to expect when you talk to us
Initially we need to work out what we can lend you. We’ll ask you some questions about your monthly income and outgoings.

To make sure you have the right information to hand when you speak to us, fill out the budget planner. We’ll then be ready to take you through a mortgage application. 
 


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

All applications are subject to status and our 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.

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