Important information

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.

Important information

  • Rates correct as at 10 July 2018.
  • Santander's Follow-on Rate (FoR) is a variable rate that tracks the Bank of England base rate (Bank of England base rate plus 3.25%).
  • The calculator gives you an idea of what the mortgage costs could be and is for illustrative purposes only.
  • All offers are subject to availability and may be withdrawn at any time.
  • Online exclusives – these mortgage deals are only available online when you complete a full application on Santander.co.uk. These deals are not available in our branch or telephone channels. Please remember if you apply online you need to be comfortable selecting your own mortgage without receiving advice from a Santander Mortgage Adviser. 
  • Loyal First Time Buyer rates - these mortgage deals are only available to first time buyers with an existing Santander Help to Buy: ISA or existing Santander current account.
  • A first time buyer is an applicant who has never owned a residential property, whether in the UK or abroad. On joint applications, all applicants must meet the definition.
  • Applicant(s) must be first time buyers applying directly via the branch or by phone.
  • The applicant(s) must hold either:

 - A Santander Help to Buy: ISA which has been open for a minimum of 30 days before applying for the mortgage. No minimum balance is required. For joint applicants, at least one applicant must have a Santander Help to Buy: ISA; OR

 - A Santander Current Account which has been open for a minimum of 30 days before applying for the mortgage. The new Santander mortgage Direct Debit must come out of this account.

  • Select exclusives - these mortgage deals are only available to Santander Select customers in branch or by telephone. They are not available online.

Early repayment charges

  • Fixed rates - you can overpay up to 10% of your fixed rate loan amount each calendar year (January to December) without paying an early repayment charge. If you want to pay off more than 10%, you’ll need to pay an early repayment charge. Plus, where the fixed rate mortgage offers the additional benefit of £250 cashback or standard legal fees paid, this will need to be repaid if you pay off your mortgage in the first two years (see section below – Additional benefits).
  • Tracker rates - you can make unlimited overpayments on our tracker rate mortgages without paying an early repayment charge. Where the tracker rate mortgage offers the additional benefit of £250 cashback or standard legal fees paid, this will need to be repaid if you pay off your mortgage in the first two years (see section below – Additional benefits).

Additional benefits (on eligible mortgages as detailed above)

  • Free valuation - available if you're moving home or remortgaging to us from another lender on a property valued up to £2.5 million, saving you on average £430. This is Santander's standard valuation fee based on our average property valuation between 1 July 2017 and 31 December 2017.
  • £250 cashback if you're moving home. You only need to repay the £250 cashback if you repay your mortgage in the first two years.
  • Standard legal fees paid if you're remortgaging to us from another lender. You only need to repay the standard legal fees paid (worth £200) if you repay your mortgage in the first two years.

Things you need to know

  • Mortgage anniversary - on tracker mortgages the anniversary is the date you completed on your mortgage, unless stated otherwise.
  • Monthly costs are calculated on a repayment basis and don’t include the product fee. Product fees are payable upfront. However, on most products, you can add the product fee to the loan. Any fees added to the loan will attract interest.
  • If you'd like information on our fees and charges please see our Tariff of Mortgage Charges which will help.
  • Most of our mortgage products have a minimum loan size of £6,000. However, there are some selected products where the minimum loan size is different. Please check with us.
  • The 1|2|3 Current Account and Select Current Account have a £5 monthly account fee and the 1|2|3 Lite Current Account has a £1 monthly account fee. To earn cashback you must pay in at least £500 a month (excludes internal transfers) and have at least two active Direct Debits. Select Current Account customers must also pay in at least £5,000 per month into a Select Current Account or have £75,000 in any Santander investment(s), savings or current account. 1|2|3 Lite Current Account customers must also log on to Online or Mobile Banking at least once in every three months.
  • Cashback is paid monthly. You may hold a maximum of two 1|2|3 Current Accounts or Select Current Accounts, one in your name and one in joint names. You must be 18 or over and a UK resident. For details of our fees and interest rates, visit santander.co.uk or ask for the latest Interest Rates and Fees information leaflet at any branch.    

 

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.