Rate Bulletin - Santander for Intermediaries
INTERMEDIARIES & INVESTMENT PROFESSIONALS ONLY: NOT FOR PUBLIC DISTRIBUTION Mortgage Range Want to know more? Visit santanderforintermediaries.co.uk Issue 4 The rates detailed are available to all new customers and existing mortgage customers moving home with effect from 3 March 2015 Key Changes NEW 2 Year Trackers at 60% and 70% LTV, Loyalty and Standard products 70% LTV Lifetime Trackers with Homebuyer & Remortgage Solutions 75% LTV Flexible Offset with Homebuyer & Remortgage Solutions WITHDRAWN 70% LTV 10 year Fixed, Loyalty and Standard products 75% LTV 2 year Fixed 1.69% with a £1495 booking fee (min £200k) - Purchase only AMENDED 60% LTV 2 year Fixed Purchase and Remortgage, increasing to 1.44% with a £1495 booking fee (min £200k) 60% LTV 5 year Fixed Purchase and Remortgage, increasing to 2.39% with a £995 booking fee 75% LTV 2 year Fixed Remortgage only, increasing to 1.79% with a £1495 booking fee (min £200k) 75% LTV 2 year Tracker Purchase and Remortgage, increasing to 1.69% with a £995 booking fee 75% LTV 2 year Fixed Buy to Let product, reducing to 2.79% with a £1995 fee booking fee 95% LTV 2 year Fixed Help to Buy: mortgage guarantee, increasing to 4.89% with £0 booking fee The charge and benefit end dates, and the completion deadlines have been rolled on one month with new product codes issued on standard fixed rates Abbey's mortgage range - Page 1 of 10 Fixed rate mortgages 90% LTV products, the booking fee cannot be added to the loan. 2 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 60% 1.44% n/a 4.4% £1,495 28 August 2015 £200,000 £1m 3% 2 June 2017 M478V Homebuyer Free Valuation 60% 1.44% n/a 4.3% £1,495 30 June 2015 £200,000 £1m 3% (+ benefit) 2 June 2017 M478R Remortgage Solution 60% 1.64% n/a 4.4% £995 28 August 2015 £6,000 £1m 3% 2 June 2017 M479V Homebuyer Free Valuation 60% 1.64% n/a 4.4% £995 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 M479R Remortgage Solution 60% 1.99% n/a 4.4% £0 28 August 2015 £6,000 £550k 3% 2 June 2017 M480V Homebuyer Free Valuation 60% 1.99% n/a 4.4% £0 30 June 2015 £25,000 £550k 3% (+ benefit) 2 June 2017 M480R Remortgage Solution 70% 1.84% n/a 4.4% £995 28 August 2015 £6,000 £1.5m 3% 2 June 2017 M482V Homebuyer Free Valuation 70% 1.84% n/a 4.5% £995 30 June 2015 £6,000 £1.5m 3% (+ benefit) 2 June 2017 M482R Remortgage Solution 75% 1.79% n/a 4.4% £1,495 30 June 2015 £200,000 £1m 3% (+ benefit) 2 June 2017 M484R Remortgage Solution 75% 1.89% n/a 4.5% £995 28 August 2015 £6,000 £1m 3% 2 June 2017 M485V Homebuyer Free Valuation 75% 1.89% n/a 4.5% £995 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 M485R Remortgage Solution 75% 2.29% n/a 4.4% £0 28 August 2015 £6,000 £550k 3% 2 June 2017 M486V Homebuyer Free Valuation 75% 2.29% n/a 4.2% £0 30 June 2015 £25,000 £550k 3% (+ benefit) 2 June 2017 M486R Remortgage Solution 80% 2.29% n/a 4.4% £0 28 August 2015 £6,000 £1m 3% 2 June 2017 M487V Homebuyer Free Valuation 80% 2.29% n/a 4.4% £0 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 M487R Remortgage Solution 85% 2.79% n/a 4.6% £0 28 August 2015 £6,000 £750k 3% 2 June 2017 M488V Homebuyer Free Valuation 85% 2.79% n/a 4.6% £0 30 June 2015 £6,000 £750k 3% (+ benefit) 2 June 2017 M488R Remortgage Solution 90% 3.99% n/a 4.7% £0 28 August 2015 £6,000 £500k 3% 2 June 2017 M489V Homebuyer Free Valuation Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code or before Benefit package H = Movers and First Time Buyers only Abbey's mortgage range - Page 2 of 10 2 year Fixed rate - Large Loans Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 1.69% n/a 4.4% £1,995 28 August 2015 £250,000 £3m 3% 2 June 2017 M481V Homebuyer Free Valuation 60% 1.69% n/a 4.3% £1,995 30 June 2015 £250,000 £3m 3% (+ benefit) 2 June 2017 M481R Remortgage Solution 70% 2.04% n/a 4.5% £1,995 28 August 2015 £250,000 £3m 3% 2 June 2017 M483V Homebuyer Free Valuation 70% 2.04% n/a 4.4% £1,995 30 June 2015 £250,000 £3m 3% (+ benefit) 2 June 2017 M483R Remortgage Solution 2.5 year Fixed rates for New Build Properties Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code or before 75% 2.04% n/a 4.3% £995 30 November 2015 £6,000 £1m 3% 2 December 2017 M490V Homebuyer Free Valuation 80% 2.29% n/a 4.4% £995 30 November 2015 £6,000 £1m 3% 2 December 2017 M491V Homebuyer Free Valuation 85% 2.74% n/a 4.5% £995 30 November 2015 £6,000 £750k 3% 2 December 2017 M492V Homebuyer Free Valuation Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 70% 2.39% n/a 4.3% £995 28 August 2015 £6,000 £1.5m 3% 2 June 2018 EA69V Homebuyer Free Valuation 70% 2.39% n/a 4.3% £995 30 June 2015 £6,000 £1.5m 3% (+ benefit) 2 June 2018 EA69R Remortgage Solution 75% 2.69% n/a 4.5% £995 28 August 2015 £6,000 £1m 3% 2 June 2018 EA70V Homebuyer Free Valuation 75% 2.69% n/a 4.4% £995 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2018 EA70R Remortgage Solution 90% 4.24% n/a 4.8% £0 28 August 2015 £6,000 £500k 3% 2 June 2018 EA71V Homebuyer Free Valuation Benefit package 3 year Fixed rate Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Abbey's mortgage range - Page 3 of 10 5 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 2.39% n/a 4.1% £995 28 August 2015 £6,000 £1m 5% 2 June 2020 KA97V Homebuyer Free Valuation 60% 2.39% n/a 3.7% £995 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 KA97R Remortgage Solution 75% 2.89% n/a 4.2% £995 28 August 2015 £6,000 £1m 5% 2 June 2020 KA00V Homebuyer Free Valuation 75% 2.89% n/a 4.0% £995 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 KA00R Remortgage Solution 75% 3.29% n/a 4.3% £0 28 August 2015 £6,000 £550k 5% 2 June 2020 KB01V Homebuyer Free Valuation 75% 3.29% n/a 4.1% £0 30 June 2015 £25,000 £550k 5% (+ benefit) 2 June 2020 KB01R Remortgage Solution 80% 3.29% n/a 4.3% £0 28 August 2015 £6,000 £1m 5% 2 June 2020 KB02V Homebuyer Free Valuation 80% 3.29% n/a 4.1% £0 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 KB02R Remortgage Solution 85% 3.94% n/a 4.6% £0 28 August 2015 £6,000 £750k 5% 2 June 2020 KB03V Homebuyer Free Valuation 85% 3.94% n/a 4.5% £0 30 June 2015 £6,000 £750k 5% (+ benefit) 2 June 2020 KB03R Remortgage Solution 90% 4.45% n/a 4.8% £0 28 August 2015 £6,000 £500k 5% 2 June 2020 KB04V Homebuyer Free Valuation 5 year Fixed rate - Large Loans Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 2.75% n/a 4.0% £1,995 28 August 2015 £250,000 £3m 5% 2 June 2020 KA98V Homebuyer Free Valuation 60% 2.75% n/a 4.0% £1,995 30 June 2015 £250,000 £3m 5% (+ benefit) 2 June 2020 KA98R Remortgage Solution 70% 3.09% n/a 4.2% £1,995 28 August 2015 £250,000 £3m 5% 2 June 2020 KA99V Homebuyer Free Valuation 70% 3.09% n/a 4.2% £1,995 30 June 2015 £250,000 £3m 5% (+ benefit) 2 June 2020 KA99R Remortgage Solution 5 year Fixed rates for New Build Properties Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 3.04% n/a 4.3% £995 30 November 2015 £6,000 £1m 5% 2 June 2020 KB05V Homebuyer Free Valuation 75% 3.04% n/a 4.3% £995 30 November 2015 £6,000 £1m 5% 2 June 2020 KB05V Homebuyer Free Valuation Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code or before Benefit package H = Movers and First Time Buyers only Abbey's mortgage range - Page 4 of 10 Tracker mortgages 90% LTV products, the booking fee cannot be added to the loan. 2 year Tracker Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 1.39% 0.89% 4.2% £995 28 August 2015 £6,000 £1m None N/A V863V Homebuyer Free Valuation 60% 1.39% 0.89% 4.2% £995 30 June 2015 £6,000 £1m (benefit) 2 April 2017 V863R Remortgage Solution 70% 1.59% 1.09% 4.3% £995 28 August 2015 £6,000 £1.5m None N/A V864V Homebuyer Free Valuation 70% 1.59% 1.09% 4.2% £995 30 June 2015 £6,000 £1.5m (benefit) 2 April 2017 V864R Remortgage Solution 75% 1.69% 1.19% 4.3% £995 28 August 2015 £6,000 £1m None N/A V866V Homebuyer Free Valuation 75% 1.69% 1.19% 4.2% £995 30 June 2015 £6,000 £1m (benefit) 2 April 2017 V866R Remortgage Solution 80% 2.09% 1.59% 4.5% £0 28 August 2015 £6,000 £1m None N/A V862V Homebuyer Free Valuation 80% 2.09% 1.59% 4.4% £0 30 June 2015 £6,000 £1m (benefit) 2 April 2017 V862R Remortgage Solution 2 year Tracker - Large Loans Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 70% 1.99% 1.49% 4.4% £1,995 28 August 2015 £250,000 £3m None N/A V865V Homebuyer Free Valuation 70% 1.99% 1.49% 4.3% £1,995 30 June 2015 £250,000 £3m (benefit) 2 April 2017 V865R Remortgage Solution Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.39% 1.89% 2.5% £995 28 August 2015 £25,000 £1m None N/A J126V Homebuyer Free Valuation 75% 2.39% 1.89% 2.5% £995 30 June 2015 £25,000 £1m (benefit) 2 April 2017 J126R Remortgage Solution Lifetime Tracker Payable if you repay on Product Code Benefit package or before Lifetime Tracker - Large Loans Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 70% 2.64% 2.14% 2.7% £1,995 28 August 2015 £250,000 £3m None N/A J127V Homebuyer Free Valuation 70% 2.64% 2.14% 2.7% £1,995 30 June 2015 £250,000 £3m (benefit) 2 April 2017 J127R Remortgage Solution Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Abbey's mortgage range - Page 5 of 10 Flexible Offset mortgages Minimum loan £150,000 Flexible Offset mortgages Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.79% 2.29% 2.9% £1,495 28 August 2015 £150,000 £1m None N/A P453V Homebuyer Free Valuation 75% 2.79% 2.29% 2.9% £1,495 30 June 2015 £150,000 £1m (benefit) 2 April 2017 P453R Remortgage Solution Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Abbey's mortgage range - Page 6 of 10 Help to Buy: Equity Loan These clients are not eligible for our other 75% LTV products. Clients must have a copy of their 'Authority to Proceed' document from their local Help to Buy Agent before they can proceed with a full mortgage application. 2 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.99% n/a 4.6% £0 28 August 2015 £6,000 £450k 3% Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 3.29% n/a 4.3% £0 28 August 2015 £6,000 £450k 5% Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.49% 1.99% 4.4% £0 28 August 2015 £6,000 £450k None Payable if you repay on Product Code Benefit package or before 2 June 2017 H296V Homebuyer Free Valuation 5 year Fixed rate Payable if you repay on Product Code Benefit package or before 2 June 2020 H297V Homebuyer Free Valuation 2 year Tracker Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before N/A H295V Homebuyer Free Valuation H = Movers and First Time Buyers only Abbey's mortgage range - Page 7 of 10 Help to Buy: Mortgage Guarantee Clients must meet the scheme eligibility criteria: - New or existing mortgage customer moving home, or First Time Buyer - Mortgage is for a pre-owned house only - LTV greater than 90% and less than or equal to 95% - Purchase price or valuation must be no more than £600,000 - Repayment (Capital & Interest) basis only - Not an owner of any other property 2 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 95% 4.89% n/a 4.9% £0 28 August 2015 £6,000 £570k 3% Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 95% 4.99% n/a 5.0% £0 28 August 2015 £6,000 £570k 5% Payable if you repay on Product Code Benefit package or before 2 June 2017 Y059V Homebuyer Free Valuation 5 year Fixed rate Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before 2 June 2020 Y060V Homebuyer Free Valuation H = Movers and First Time Buyers only Abbey's mortgage range - Page 8 of 10 Loyalty mortgages Clients must EITHER: be an existing Santander mortgage customer moving home; OR be an existing Santander personal current account holder who pays the new Santander mortgage Direct Debit from this account, which must be open for at least 30 days before applying for their mortgage. Minimum loan £6,000 2 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 1.64% n/a 4.3% £495 28 August 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM12H Homebuyer Solution 60% 1.64% n/a 4.4% £495 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM12R Remortgage Solution 60% 1.89% n/a 4.3% £0 28 August 2015 £6,000 £550k 3% (+ benefit) 2 June 2017 CM13H Homebuyer Solution 60% 1.89% n/a 4.4% £0 30 June 2015 £6,000 £550k 3% (+ benefit) 2 June 2017 CM13R Remortgage Solution 70% 1.84% n/a 4.4% £495 28 August 2015 £6,000 £1.5m 3% (+ benefit) 2 June 2017 CM14H Homebuyer Solution 70% 1.84% n/a 4.4% £495 30 June 2015 £6,000 £1.5m 3% (+ benefit) 2 June 2017 CM14R Remortgage Solution 75% 1.89% n/a 4.4% £495 28 August 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM15H Homebuyer Solution 75% 1.89% n/a 4.4% £495 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM15R Remortgage Solution 75% 2.19% n/a 4.4% £0 28 August 2015 £6,000 £550k 3% (+ benefit) 2 June 2017 CM16H Homebuyer Solution 75% 2.19% n/a 4.2% £0 30 June 2015 £6,000 £550k 3% (+ benefit) 2 June 2017 CM16R Remortgage Solution 80% 2.19% n/a 4.4% £0 28 August 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM17H Homebuyer Solution 80% 2.19% n/a 4.4% £0 30 June 2015 £6,000 £1m 3% (+ benefit) 2 June 2017 CM17R Remortgage Solution 85% 2.69% n/a 4.5% £0 28 August 2015 £6,000 £750k 3% (+ benefit) 2 June 2017 CM18H Homebuyer Solution 85% 2.69% n/a 4.5% £0 30 June 2015 £6,000 £750k 3% (+ benefit) 2 June 2017 CM18R Remortgage Solution 90% 3.89% n/a 4.7% £0 28 August 2015 £6,000 £500k 3% (+ benefit) 2 June 2017 CM19H Homebuyer Solution Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 70% 2.39% n/a 4.3% £495 28 August 2015 £6,000 £1.5m 5% (+ benefit) 2 June 2018 CE04H Homebuyer Solution 70% 2.39% n/a 4.2% £495 30 June 2015 £6,000 £1.5m 5% (+ benefit) 2 June 2018 CE04R Remortgage Solution 75% 2.69% n/a 4.5% £495 28 August 2015 £6,000 £1m 5% (+ benefit) 2 June 2018 CE05H Homebuyer Solution 75% 2.69% n/a 4.4% £495 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2018 CE05R Remortgage Solution 90% 4.14% n/a 4.7% £0 28 August 2015 £6,000 £500k 5% (+ benefit) 2 June 2018 CE06H Homebuyer Solution 3 year Fixed rate Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Abbey's mortgage range - Page 9 of 10 5 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 2.39% n/a 4.0% £495 28 August 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK09H Homebuyer Solution 60% 2.39% n/a 3.7% £495 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK09R Remortgage Solution 75% 2.89% n/a 4.2% £495 28 August 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK10H Homebuyer Solution 75% 2.89% n/a 3.9% £495 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK10R Remortgage Solution 75% 3.19% n/a 4.3% £0 28 August 2015 £6,000 £550k 5% (+ benefit) 2 June 2020 CK11H Homebuyer Solution 75% 3.19% n/a 4.1% £0 30 June 2015 £6,000 £550k 5% (+ benefit) 2 June 2020 CK11R Remortgage Solution 80% 3.19% n/a 4.1% £0 28 August 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK12H Homebuyer Solution 80% 3.19% n/a 4.1% £0 30 June 2015 £6,000 £1m 5% (+ benefit) 2 June 2020 CK12R Remortgage Solution 85% 3.84% n/a 4.6% £0 28 August 2015 £6,000 £750k 5% (+ benefit) 2 June 2020 CK13H Homebuyer Solution 85% 3.84% n/a 4.4% £0 30 June 2015 £6,000 £750k 5% (+ benefit) 2 June 2020 CK13R Remortgage Solution 90% 4.35% n/a 4.7% £0 28 August 2015 £6,000 £500k 5% (+ benefit) 2 June 2020 CK14H Homebuyer Solution 2 year Tracker rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 1.39% 0.89% 4.3% £495 28 August 2015 £6,000 £1m (benefit) 2 April 2017 CT05H Homebuyer Solution 60% 1.39% 0.89% 4.3% £495 30 June 2015 £6,000 £1m (benefit) 2 April 2017 CT05R Remortgage Solution 70% 1.59% 1.09% 4.3% £495 28 August 2015 £6,000 £1.5m (benefit) 2 April 2017 CT06H Homebuyer Solution 70% 1.59% 1.09% 4.3% £495 30 June 2015 £6,000 £1.5m (benefit) 2 April 2017 CT06R Remortgage Solution 75% 1.69% 1.19% 4.4% £495 28 August 2015 £6,000 £1m (benefit) 2 April 2017 CT07H Homebuyer Solution 75% 1.69% 1.19% 4.3% £495 30 June 2015 £6,000 £1m (benefit) 2 April 2017 CT07R Remortgage Solution 80% 1.99% 1.49% 4.5% £0 28 August 2015 £6,000 £1m (benefit) 2 April 2017 CT04H Homebuyer Solution 80% 1.99% 1.49% 4.3% £0 30 June 2015 £6,000 £1m (benefit) 2 April 2017 CT04R Remortgage Solution Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.39% 1.89% 2.5% £495 28 August 2015 £25,000 £1m (benefit) 2 April 2017 CJ01H Homebuyer Solution 75% 2.39% 1.89% 2.5% £495 30 June 2015 £25,000 £1m (benefit) 2 April 2017 CJ01R Remortgage Solution Lifetime Tracker Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Abbey's mortgage range - Page 10 of 10 Buy to Let mortgages Percentage booking fees must be added to the loan 2 year Fixed rate Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge Payable if you repay on Product Code Benefit package or before 60% 2.35% n/a 4.6% £1,995 28 August 2015 £25,000 £750K 3% 2 June 2017 BLM9V Homebuyer Free Valuation 60% 2.35% n/a 4.6% £1,995 30 June 2015 £25,000 £750K 3% (+ benefit) 2 June 2017 BLM9R Remortgage Cashback 60% 2.79% n/a 4.7% £995 28 August 2015 £25,000 £750K 3% 2 June 2017 BLN1V Homebuyer Free Valuation 60% 2.79% n/a 4.6% £995 30 June 2015 £25,000 £750K 3% (+ benefit) 2 June 2017 BLN1R Remortgage Cashback 75% 2.79% n/a 4.6% £1,995 28 August 2015 £25,000 £750K 3% 2 June 2017 BLN2V Homebuyer Free Valuation 75% 2.79% n/a 4.6% £1,995 30 June 2015 £25,000 £750K 3% (+ benefit) 2 June 2017 BLN2R Remortgage Cashback 75% 3.34% n/a 4.6% £995 28 August 2015 £25,000 £750K 3% 2 June 2017 BLN3V Homebuyer Free Valuation 75% 3.34% n/a 4.8% £995 30 June 2015 £25,000 £750K 3% (+ benefit) 2 June 2017 BLN3R Remortgage Cashback Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 60% 3.29% n/a 4.7% 2.50% (must be added to the loan) 28 August 2015 £25,000 £750K 5% 2 June 2020 BLN4V Homebuyer Free Valuation 30 June 2015 £25,000 £750K 5% (+ benefit) 2 June 2020 BLN4R Remortgage Cashback 5 year Fixed rate Payable if you repay on Product Code Benefit package or before 60% 3.29% n/a 5.7% 2.50% (must be added to the loan) 60% 3.59% n/a 4.8% £1,995 28 August 2015 £25,000 £750K 5% 2 June 2020 BLN5V Homebuyer Free Valuation 60% 3.59% n/a 5.6% £1,995 30 June 2015 £25,000 £750K 5% (+ benefit) 2 June 2020 BLN5R Remortgage Cashback 75% 3.99% n/a 4.7% £1,995 28 August 2015 £25,000 £750K 5% 2 June 2020 BLN6V Homebuyer Free Valuation 75% 3.99% n/a 5.9% £1,995 30 June 2015 £25,000 £750K 5% (+ benefit) 2 June 2020 BLN6R Remortgage Cashback Maximum Loan to Value Initial Rate Differential to BBR APR Booking fee Completion deadline Minimum loan size Maximum loan size Early Repayment Charge 75% 2.84% 2.34% 4.7% £995 28 August 2015 £25,000 £750K 2% 2nd anniversary BLM1V Homebuyer Free Valuation 75% 2.84% 2.34% 4.5% £995 30 June 2015 £25,000 £750K 2% (+ benefit) 2nd anniversary BLM1R Remortgage Cashback 2 year Tracker Product Code Key: C = Available to All customers R = Remortgage only Payable if you repay on Product Code Benefit package or before H = Movers and First Time Buyers only Product notes Bank of England Base Rate officially known as Bank of England Repo Rate, currently 0.50%. Santander’s Standard Variable Rate, currently 4.74%. General notes Interest is calculated on a daily basis and charged monthly for all products We reserve the right to increase or reduce the Standard Variable Rate, SVR is not available to new customers Variable Rate Tracker products are subject to a minimum rate of 0.0001% Maximum loan size on mortgage products relates to the total borrowing required by the customer, not just the borrowing on that product Booking fees are charged on some of our products. Where the fee has been added to the loan, the added fee will attract interest over the term. The customer can repay this by cheque within 14 days after completion without incurring any interest on the booking fee. If you choose a product that allows the customer to add the fee to the loan, the added fee will attract interest, and in turn will increase the interest paid over the term of the mortgage Pre-completion product change fee If any customer wants to change to another product after their application has been agreed and the survey has been instructed, they have to pay a fee of £199. This fee cannot be capitalised in any circumstances. If a customer wishes to change their product they must pay this fee before the product change is processed. If the customer has already paid the booking fee upfront for the original product and wants to change to another product, the new booking fee would be payable as well. Booking Fee Refund Policy If the customer changes their mind after we have collected a booking fee paid upfront, we would not refund it unless one of the following applies: we decline the application for any reason prior to the valuation being requested, after the valuation has been completed our surveyor decides that the property would be inadequate security for Santander, our surveyor downvalues the property and the customer needs to select a different product. Top up of an existing product Prior to completion, the maximum top up available is 10% of the original loan amount. The minimum is £1,000. Early Repayment Charges Our ERCs are calculated as a percentage of the outstanding mortgage balance at the time of redemption. The level of charge will differ by the type of product and the product term. All borrowers are able to make capital repayments of up to 10% of their total outstanding loan balance each calendar year without incurring an ERC. The minimum capital repayment is £500. If the booking fee has been added to the loan, the customer can repay this within 14 days following completion. Repayment of the booking fee will not affect a customer’s ability to repay up to 10% of the capital each calendar year, free of any early repayment charge. Benefit package ERCs associated with Homebuyer Solution, Remortgage Solution and Remortgage Cashback will continue to be charged as a fixed amount on top of the percentage ERC. MORT0164 03MAR15 M Benefit packages Remortgage Solution (Available to all customers remortgaging their residential property where the product offers Remortgage Solution) Free standard valuation - all customers will receive a free valuation for mortgage purposes (up to a property value £2.5 million). In certain circumstances we may need to arrange a full inspection. In these cases, the valuer will contact the customer directly Standard legal work - we will also arrange and pay for the cost of standard legal work involved in transferring the mortgage, ensuring it will be undertaken professionally and speedily. The customer will be required to pay for the following third party fees above this limit if they apply: – For leasehold properties - the landlord’s registration fee for registering the mortgage with the landlord in accordance with the terms of the lease – If the title to the property is unregistered - the additional land registry registration fee If any additional work is required, which is not normally associated with a remortgage, this will be at the customer’s own cost. The customer will be advised of the cost of additional work before any work is carried out. Alternatively the customer can receive £250 cashback at completion as a contribution towards legal costs. Remortgage Cashback (Available to all customers remortgaging their Buy to Let property where the product offers Remortgage Cashback) Free standard valuation - all customers will receive a free standard valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we may need to arrange a full inspection. In these cases, the valuer will contact the customer directly. £250 cashback - all customers will also receive £250 cashback at completion, as a contribution towards legal costs. Homebuyer Solution (Available to all customers purchasing a new residential property where the product offers Homebuyer Solution) Free standard valuation - all customers will receive a free valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we may need to arrange a full inspection. In these cases, the valuer will contact the customer directly. £250 cashback - all customers will also receive £250 cashback at completion, as a contribution towards legal costs. Homebuyer Free Valuation (Available to all customers purchasing a new residential or Buy to Let property where the product offers Homebuyer Free Valuation) Free standard valuation - all customers will receive a free standard valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we may need to arrange a full inspection. In these cases, the valuer will contact the customer directly. Benefit packages ERC - Should the customer redeem their mortgage on or before 2 April 2017 the cashback or standard legal work benefit must be repaid (£250 cash back or a maximum of £200 for residential remortgage legal work). The repayment of the benefit received will be in addition to any product early repayment charge applicable. Santander for Intermediaries is a brand and is not a regulated company. We offer information and access to the products and services provided by Santander UK plc under the brand names of Abbey, Alliance & Leicester and Santander. Registered office of Santander UK plc is 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Santander UK plc Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number is 106054. Abbey, Alliance & Leicester, Santander and the flame logo are registered trademarks. MORT0164 03MAR15 M
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