Santander Flexible offset

afzaal1988

Hi, I searched but couldn't find the info i was looking for.

Do Santander have minimum loan amount on there offset mortgage.

chriskellym86

Don't go Santander. Way too slow!

afzaal1988

chriskellym86 wrote: »

Don't go Santander. Way too slow!

who do you suggest

Wirenth

I tried to get the flexible offset with Santander and was told the minimum loan amount was £150,000 with max Loan to Value of 75%. Santander were pretty quick for me. Mortgage agreed 1 Nov, Mortgage valuation 6 November, house purchased 20 Dec.

getmore4less

you can check on-line using the whats available to me calculator page
£150k+ is available £149999 is not.
http://www.santander-products.co.uk/calculator/mortgages/compare

if you need less than the min but LTV etc. will work just borrow more and offset.

assuming offset rate 3.09% standard tracker 2.49 and a net saving rate of 1.5% you need to offset 37.7% of the mortgage to break even.

afzaal1988

Thanks guys. I only need mortgage for £55000 so i will have to go to some other bank.

dimbo61

First direct, barclays and YBS also do offset mortgages!