Santander Mortgages

Our best Santander Mortgage deals for UK residents

Finding the best mortgage deal doesn’t have to be the huge challenge it may at first seem. As one of the UK’s established lenders, Santander knows the ins and outs of providing mortgages designed to suit your needs. Whether you are buying a home in the UK for the first time, moving home or simply looking for the best remortgage deal available, we offer a range of mortgage options.

When looking for a mortgage there are many factors to consider, such as the repayment terms and the type of mortgage on offer. There are a number of different types of mortgages available in the UK, and at Santander we have a variety of mortgage deals to suit your needs.

Flexible Mortgages

As the name suggests, flexible mortgage deals offer the benefit of flexibility in repayments. That gives you the freedom to offset your savings, pay more when you can afford to, enabling you to pay off your mortgage early and potentially saving you money. It also provides the flexibility to take payment holidays, make under-payments or even borrow money back. Interest will still be charged during payment holidays. You can also make penalty-free lump sum repayments. The interest you pay is linked to the Bank of England Base Rate for the life of your mortgage.

Fixed Rate Mortgages

With a fixed rate mortgage the interest rate is set for an agreed period of time, so you get the peace of mind knowing that the rate you pay each month is guaranteed not to change during the initial period, even if UK interest rates do.

There is always the possibility that UK interest rates could actually go higher than your agreed fixed rate, so in financial terms you could be better off. Of course it also works the other way but you have the advantage of set monthly payments during the fixed rate period and can budget accordingly. At the end of the fixed rate period, the payments will revert to our standard variable rate.

Base Rate Tracker Mortgages

A variable rate tracker mortgage is linked to the Bank of England Base Rate for a set period. So if the base rate goes up, the interest you pay will increase, which means your mortgage payments will rise. But if the base rate goes down, the interest you pay will fall and so will your mortgage payments. The rate on your tracker mortgage, during the set period, always maintains the same differential between the rate you pay and the interest rate set by the Bank of England.

As well as having attractive mortgage rates, you may be eligible for various additional benefits, including a free standard valuation on properties valued up to £2.5m and if you are moving home £250 cashback on completion on selected products or if you are remortgaging to us, help with standard legal fees. Benefits such as £250 cashback or help with legal fees are only repayable if you pay off your mortgage within the first two years.

At Santander, we understand that everybody’s needs are different and we have a range of mortgages to suit you. If you need help with your new mortgage, our mortgage advisors will guide you through every step of the way, answering all of your questions and making the whole process as hassle-free as possible.

Whether you’re looking for the stability of a fixed rate, the flexibility of a flexible mortgage or a tracker mortgage, look no further than Santander for a mortgage deal. Please note, all applications are subject to status and our current lending criteria. This means that the amount we will lend you will depend on your individual circumstances, the type of property and the amount you borrow. For example, we may require a higher deposit if you are buying a flat or a new build property.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE