Change your mortgage

Helping you change your mortgage

Change your mortgage

If you already have a mortgage with us but want to change your deal, there will be no affordability or income checks, no legal or valuation fees to pay and no new Direct Debits to set up.
 

Can I change my deal? 

You can change your deal if:

  • you’re within 4 months of the existing deal coming to an end, or
  • you’re on a mortgage product without an early repayment charge, or
  • you’re on our Standard Variable Rate or Follow-on Rate

Can I change deals online or by phone?

 

If

Online

Phone

Your mortgage deal finishes within the next 4 months

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green tick

You're on our Standard Variable Rate, Follow-on Rate or a deal without an early repayment charge

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green tick

You've got a Flexible Offset mortgage

Red Cross
green tick

You're happy to choose your new deal online without any advice

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Red Cross

You'd like advice on which mortgage deal is suitable for you

Red Cross
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You want to make other changes to your mortgage

Red Cross
green tick

You want to borrow more

Red Cross
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You want to make an overpayment at the same time

Red Cross
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Your property is currently let

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You have a Buy to Let mortgage

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green tick

 

Ways to apply

Apply online

If you’ve checked that you’re eligible to apply online and you’re happy to pick a new deal without getting advice

Change deal

 

 

By phone

Get the security of having free, expert advice from one of our Mortgage Advisers

0800 092 3881

Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays

You can also arrange your new deal through an Independent Financial Adviser, they will advise you of any costs.

Accepting your deal online

If we’ve emailed you to let you know your offer is ready to review online, we’ll also send your unique offer reference. 

If you’ve applied for more than one deal you may receive more than one reference number, so please use the correct reference for the deal you want to pick.

You must accept the deal by the deadline given in the email.

Accept your new deal online

Accept your new deal now

Get started

 

My offer has expired

If you didn't accept your deal before the deadline you’ll need to apply for a new deal again.

If you couldn't access your offer due to a technical issue, and:

  • you arranged your new deal directly with us, please call us on 0800 051 0803
  • you arranged your new deal through a financial adviser or mortgage broker, please contact them directly.

Accepting your deal by post

If we’ve emailed you to let you know we’ve sent your offer pack in the post, you’ll need to accept the deal by the deadline provided in the letter.

You’ll find all the details of what you need to do in your pack.

You can take out an ‘additional loan’ as you already have an existing Santander mortgage.

To apply for an additional loan you must:

  • borrow a minimum of £5,000 
  • borrow the money for a minimum of 5 years 
  • borrow less than 85% of your home’s value, including your existing mortgage and the additional loan you’re looking to take out
  • not have been declared bankrupt or subject to an Individual Voluntary Arrangement
     

See what it could cost

Additional loans calculator

Find out how much you can borrow, available rates and what your monthly payments might be.

Get started

If you want to borrow less than £5,000 or pay it off in under 5 years take a look at our other borrowing options 

If you have a Flexible Offset mortgage

All Flexible Offset mortgages already have an agreed additional borrowing limit, which is on the same rate as the mortgage. The additional borrowing can be repaid on a repayment or interest only basis.

You can access your additional funds through Online Banking

If you need to increase your additional borrowing limit you can ask for a credit limit review (charges will apply).

Ways to apply

 

 

By phone

Get the security of having free, expert advice from one of our Mortgage Advisers

0800 092 3881

Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays

 

 

If you’re looking to move home and keep your mortgage with us you have 2 options.

Option 1: Keep your current mortgage deal

You can apply to keep your current mortgage deal and take it with you when you move to a new home. This is known as ‘porting’ your mortgage. Being able to port your mortgage is subject to status and our lending criteria.

Borrowing the same or less

You won’t pay an early repayment charge if you port the same amount as your existing mortgage. If you port less, you’ll pay an early repayment charge, if applicable.

Borrowing more

If you want to borrow more, you can apply for a new deal on the extra amount from our current mortgage range.

Selling and buying on different days

If you can’t sell and buy on the same day, you can still port your existing mortgage rate as long as you complete on your new home within 3 months. Flexible Offset mortgages are excluded from this.

Option 2: Get a new mortgage deal

You may want to apply for a new mortgage deal if the rate you’re paying is higher than a rate we’re offering now.

If you have less than 6 months left on your current deal when you apply for the new mortgage and it’s for at least the same amount, you won’t have to pay an early repayment charge.

Ways to apply

Get decision in principle online

Get a free instant decision in principle before you apply. When one has been agreed we'll arrange to continue your application by phone

Start decision in principle

 

 

 

 

By phone

Get the security of having free, expert advice from one of our Mortgage Advisers

0800 092 3881

Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays

This is a brief summary of the 3 different types of mortgages we offer

Fixed rate Tracker rate Lifetime Tracker
Best for:
People who want an exact idea of what they’re going to have to repay for the next few years.




You can usually fix your deal for 2, 3 or 5 years. During this fixed period your monthly payments will stay the same. After your fixed period you’ll move onto the Santander Follow-on Rate (variable). If you want to finish your deal earlier you may pay an early repayment charge.
Best for:
People who think interest rates will stay low over the next few years or want to make unlimited overpayments on their mortgage.



You can choose a mortgage with an initial rate period and during this period your rate tracks above the Bank of England base rate. With this type of mortgage your payments may vary. The initial rate period is usually 2 years and after that you move onto the Santander Follow-on Rate (variable).
Best for:
People who don’t want to ever look for a new mortgage deal again or want to make unlimited overpayments.



With a Lifetime Tracker mortgage your rate will track above the Bank of England base rate for the life of your mortgage term. With this type of mortgage your payments may vary.

The graphs are for illustrative purposes only.

For an in-depth comparison of the mortgage types on offer read our guide to mortgages

Repayment mortgage

Your monthly payment covers both the amount you’ve borrowed and interest. So as long as you keep up your payments, your mortgage will be paid off at the end.

Interest only mortgage

Your monthly payment only pays off the interest. You’ll still need to repay the amount you borrowed at the end of your mortgage and will need a separate plan in place to do this (such as an investment or endowment). We may limit the amount you can borrow on interest only.

Combination

You can choose to pay part of your mortgage as repayment and the other part as interest only.

Award-winning mortgage provider

  • Best online mortgage lender
  • Best online mortgage provider
  • Best first time buyer mortgage provider 2018
  • Best large loans mortgage lender 2018
  • Best remortgage lender 2018

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