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August 21, 2023
Santander for intermediaries will cut its rate for residential and buy-to-let fixed-rate products across its new business and product transfer ranges by up to 20 basis points from tomorrow (22 August). The high street bank’s broker-only arm adds its new business range, it is introducing new first-time buyer
April 18, 2023
Santander will cut selected rates for new customers by up to 17 basis points and all buy-to-let products by up to 20bps tomorrow (19 April). The move by the high street bank comes as it also loosens its affordability criteria for residential secondary income and BTL loans on Wednesday. The lender says selected
March 20, 2023
Santander for intermediaries will cut most new business fixed-rate loans by up to 28 basis points and selected tracker rates by up to 34bps tomorrow (21 March), which brokers hope will spur further cuts by lenders. The broker-only arm of the high street bank adds that it will add a five-year purchase fixed rate 60%
December 13, 2022
Santander for Intermediaries says it will cut all its residential and most buy-to-let affordability rates from tomorrow (14 December). The unit told brokers in a note: “This means that most of your clients will be able to borrow more than before, while also ensuring we meet our obligations as a responsible
September 23, 2022
Santander for Intermediaries is updating its affordability assessment and introducing a new version of the accountant’s certificate from 27 September. As a result of the August Bank of England base rate increase, Santander for Intermediaries is changing some of its residential and buy-to-let (BTL) affordability
April 7, 2022
Santander has updated its self-employed policy that will affect self-employed residential applications. From 11 April, Santander will be taking an average of the last two years’ income figures, or the latest year if it's lower. For existing Santander mortgage customers moving home, it was explained that underwriters
January 8, 2021
Santander limits self-employed borrowing to 60% LTV By Rebekah Commane 8 Santander has limited all residential borrowing for self-employed applicants to 60 per loan-to-value. In a note to brokers, the lender says the move is to help manage current pipeline cases following the latest lockdown and school closures and will come into effect as of tomorrow, Saturday 9 January. Santander will not lend to self-employed borrowers whose business is not trading due to Covid-19 ...