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Statement on release of Financial Policy Committee ("FPC") capital exercise results
calculation of risk weighted assets. The output of the exercise is the PRA's analysis on Santander UK's published capital position as at 31 December 2012. Santander UK reported a CRD IV end-point core equity ratio of 11.1% as at 31 December ... weights of £5.6bn has been mitigated by the introduction of a revised advanced internal ratings based model for residential mortgages. Using this model output would, Santander UK estimates, have given a lower RWA adjustment of £4.0bn. Stephen Jones, Chief Financial Officer
https://www.santander.co.uk/about-santander/investor-relations/stock-exchange-announcements/statement-on-release-of-financial-policy-committee-fpc-capital-exercise-resultsSantander announces ongoing support for mortgage customers impacted by Covid-19
longer term.”More detail of the measures are as follows:Payment holidays and repossessionsUntil 31 October 2020, Santander will continue to support customers whose mortgage payment holidays are coming to an end and who have been financially impacted by Covid-19. The bank will ... their existing product term. Where the customer is moving to a lower interest rate, Santander commits to transferring them immediately with no charge. Customers can review available mortgage products and complete a transfer via their online banking portal.OverpaymentsFor customers who are in a position
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-announces-ongoing-support-for-mortgageSantander Mortgages announces £500 cashback on new first-time buyer products
Santander Mortgages announces £500 cashback on new first-time buyer products 24 May 2022 Santander Mortgages is helping first-time buyers’ budgets today (24 May 2022) with the launch of a range of fixed rate mortgage products offering £500 cashback ... 5year fixed rate at 2.84% with a £999 fee - £500 cashback 90% LTV 5year fixed rate at 3.04% with a £0 fee - £500 cashback Graham Sellar, Head of Business Development – Mortgages at Santander said: “With living costs rising
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-mortgages-announces-ps500-cashback-on-newFour in five mortgage brokers see surge in buyer interest for ‘new towns’
continues to grow, more home buyers are setting their sights on new towns. The latest research among mortgage brokers from Santander has uncovered that over 80% of mortgage brokers are seeing an uplift in client interest in new town developments. The East of England ... pride in."To support brokers and their customers in this space, Santander offers:borrowing of up to 95% LTV on all New Build houses and flatsdiscounted mortgages on EPC A and B rated properties; and accepts financial incentives on all LTV level borrowing
https://www.santander.co.uk/about-santander/media-centre/press-releases/four-in-five-mortgage-brokers-see-surge-in-buyerOwning a home is cheaper than renting in all areas of the UK
Kingdom £912 £213,462 £51,905 £723 £189 £2,268 Source: Santander Mortgages, 2018 For more information on Santander’s mortgages and other products please visit: www.santander.co.uk/mortgages - Ends - The information contained in our press releases ... /government/statistics/uk-house-price-index-summary-march-2018 c. Mortgage repayment calculator https://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator d. Traditional mortgage repayment term http://www.cml.org.uk/consumers/about-mortgages/mortgages-to-buy-a-home/ e. FTB house price and deposits data https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/housepriceindexmonthlyquarterlytables1to19 f. Mean annual salary https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/placeofresidencebylocalauthorityashetable8 2. Based on average mortgage rate
https://www.santander.co.uk/about-santander/media-centre/press-releases/owning-a-home-is-cheaper-than-renting-in-all-areas-of-the-ukSantander updates its affordability calculations following Bank of England base rate cut
Santander updates its affordability calculations following Bank of England base rate cut 19 February 2025 Santander UK has today announced it has reduced its residential affordability rates, following the Bank of England’s base rate cut in February.The updated calculations take into account ... clients’ details into Santander’s affordability calculator to see how the reductions affect them.Last week, Santander also became the first high-street mortgage lender to offer a sub-4% mortgage in 2025. The new products and rate changes follow the lender
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-updates-its-affordability-calculationsCustomers save £1,158 in interest and are mortgage free earlier - all for the price of a pub lunch a month
overpaying on our mortgage, but new data from Santander Mortgages takes this one step further and shows the real impact customers could have on their home ownership status – all for the price of a pub lunch.With interest rates remaining low, the data released today ... customer from their mortgage one year and five months earlier than planned3.Miguel Sard, Head of Mortgages at Santander, commented: “Many customers don’t realise that they’re able to make such small overpayments on their mortgage – or the huge savings
https://www.santander.co.uk/about-santander/media-centre/press-releases/customers-save-ps1158-in-interest-and-are-mortgage-free-earlier-all-for-the-price-of-a-pub-lunch-aHomeowners could save thousands by using ‘Dry January’ cash boost to overpay mortgage
which, on a £200,000 mortgage, would save more than £2,490 in interest and shave four months off a customer’s mortgage term. Graham Sellar, Head of Intermediary Channel – Mortgages, at Santander, said: “Whatever the reason ... first few days of January 2025, Santander saw £100 million of mortgage overpayments being made by customers3. To see how much you could save, go to Santander’s mortgage overpayment calculator: Overpayment calculator | Santander UK.- Ends -Notes to Editors:ONS RPI, November
https://www.santander.co.uk/about-santander/media-centre/press-releases/homeowners-could-save-thousands-by-using-dry-januaryParents face 5% premium on properties within catchment areas of top primary schools
current 5% premium might mean parents find the move more affordable than they had initially expected.Graham Sellar, Head of Mortgage Development at Santander, commented: “It’s clear that nabbing a sought-after primary school place for your child is playing an increasingly significant ... along with prices remaining largely flat over the past 12 months and mortgage rates lower than last year’s highs, parents might find moving more affordable than initially expected.”Santander research also reveals the lengths some parents are willing to go to secure
https://www.santander.co.uk/about-santander/media-centre/press-releases/parents-face-5-premium-on-properties-within-catchmentSantander launches 95% LTV mortgages as part of Government Mortgage Guarantee Scheme
Santander launches 95% LTV mortgages as part of Government Mortgage Guarantee Scheme 19 April 2021 From Tuesday 20 April 2021, people looking to buy a new home can apply for one of three, fee free, 95% LTV mortgage products provided by Santander, as part ... mortgages available are: two year tracker rate at 3.99%; zero product fee; free valuation three year fixed rate at 3.99%; zero product fee; free valuation five year fixed rate at 4.09%; zero product fee; free valuation Customers can apply for the products directly with Santander
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-launches-95-ltv-mortgages-as-part-of