Employee Benefits - Santander Mortgage

smlcfc

Hi All,

I am due to start a job with Santander in approx 2 months and am trying to find out some info about their employee mortgages. So far all I have found out is that mortgages is part of their benefit portfolio.

Does anyone have any info about any preferential rates/discounts that the offer?

FYI I am a prospective first time buyer looking to buy a property for ITRO 130K. I have a 10% deposit.

Any help or further info would be much appreciated.

Kind regards,

Scott:)

Dwt

Hi smlcfc,
Did you join Santander in the end? I am in a similar position and trying to figure out what level of discount is provided to employees on mortgages.
Thanks
Naomi

Moby_Tide

They are unlikely to offer any benefit on mortgages. The tax charge for a benefit in kind means any mortgage with a rate under 4% will make you worse off. You may be entitled to some loyalty offers that are normally only for existing customers at best.

Barclays advises similar on their staff site

http://apps.barclays.co.uk/youniquelybarclays/borrowing/mortgages.html

jonesMUFCforever

I would expect mortgage rates to be base rate linked.
You might have to work there for 12 months before you get a staff mortgage.