Making one or more overpayments on your mortgage can help you to:
- reduce the amount of interest you pay
- reduce the amount you owe
- be mortgage-free sooner.
Depending on the type of mortgage you have, you may be charged an early repayment charge.
If you would like to overpay more than 10% of your fixed rate mortgage loan in a calendar year, you can find out what your early repayment charge will be in your original mortgage offer, annual mortgage statement or Online Banking.
- Make single overpayments any time.
- Make regular payments by Direct Debit (which you can cancel at any time).
You can also make overpayments in Online Banking
You can make an overpayment to reduce your monthly payments online or by phone. If you want to reduce your mortgage term you’ll need to speak to us on 0800 783 9738.
You can view your mortgage using Online and Mobile Banking. In Online Banking you can see useful information about your mortgage as well as make overpayments, explore and secure a new deal for your existing mortgage and borrow more.
If you have a Santander current account, savings account or credit card as well as your mortgage, sign up here
If you only have a Santander mortgage, sign up here
You'll need your mortgage account number which you can find on your annual statement or on any letter from us about your mortgage. You must enter your mortgage account number exactly as it appears, so please have it handy before you get started.
If you need help please call us on 0800 077 8592.
If you want to change your mortgage term or repayment method you should check whether the changes you want to make are affordable by using our calculator.
Before you call us to talk about changing your mortgage term or repayment method you’ll need several documents to hand.
You’ll also need the results from the ‘changes to my existing mortgage’ calculator.
If you want to add or remove someone from your mortgage we’ll need to make sure you can still afford the payments after we make the change. To do this we’ll look at your income and outgoings.
- pay a £95 fee on completion and
- appoint a solicitor and pay any associated costs.
- you’ve had your Santander mortgage for more than 6 months; and
- you’re not in arrears on your mortgage payments.
To change your address we’ll need a recent utility bill.
To change your name we’ll need a copy of your new and old signature and one of the following:
- marriage certificate
- decree absolute
- birth certificate
- change of name deed
- civil partnership certificate.
In certain situations we may need some more information from you, but if we do, we’ll let you know.
You need to write to us to let us know what you would like to change with the right documents.
It’s important you have a repayment plan in place to repay your interest only mortgage when it ends. If you don’t have a plan, you can think about these options:
If you can’t afford to pay back the mortgage balance outstanding at the end of your mortgage term, you may have to sell your property or face repossession.
If you want to talk to us about making changes to your interest only mortgage please call us on 0800 012 1583.
If you are experiencing financial difficulties or your interest only mortgage is ending and you can’t repay, call us on 0800 731 6650. If we’re not able to assist you there may be other external options available.
If you would like free and independent advice, you can contact these organisations:
Call 0300 500 5000 or visit the Money Advice Service site
Call 0345 404 0506 or visit the Citizen's Advice Bureau site
Call 0808 808 4000 or visit The National Debtline site
Call 0800 138 1111 (free from all mobiles) or visit the StepChange site
If your Buy to Let mortgage is coming to an end you can change deal online or over the phone. See our changing deals section for more information on how to do this.
There a number of things you need to take into account when letting a property. You can find out what your responsibilities are as a landlord on the government’s renting out a property pages
The amount of tax you pay on Buy to Let properties is changing and could reduce the amount of income you earn from your Buy to Let properties.
For more information about these changes visit the government’s Buy to Let pages
If you have 4 or more mortgaged Buy to Let properties you’re a portfolio landlord. There are no changes to existing Buy to Let mortgages with us, and you’ll be able to switch to a new product once your existing deal expires (subject to standard criteria), but we won’t be able to offer you a Buy to Let mortgage on a new property.
The Bank of England base rate is the official interest rate set by the Bank of England’s Monetary Policy Committee. Banks and building societies use the base rate to calculate interest rates for some mortgage products.
The Bank of England base rate is currently 0.10%.
Santander’s FoR is currently 3.35% (the Bank of England base rate plus 3.25%).
Santander’s SVR is currently 4.34%.
Alliance & Leicester’s SVR is currently 4.34%.
This depends on your type of mortgage.
If you're not sure what type of mortgage you have, you can check your original mortgage offer, annual mortgage statement or the mortgage account details in Online Banking.
- Use our mortgage calculator to work how a change to the Bank of England base rate could change your monthly mortgage payments.
- Use our budget planner to work out your monthly spending and see where you could make some savings.
- If you’re coming to the end of your existing deal, on the Standard Variable Rate, Follow-on Rate or on a deal with no early repayment charge you could choose a new deal. Take a look at our changing deals section
If you’re still worried about a change in your interest rate and how it might impact you, we can help