Santander fixed rates lowered post-application

sydenhambased

Hi brokers,

We're limping towards exchange as FTBs. Both self employed and massive increase in earnings over last couple of years - broker sorted us a 5 year fix with Santander, 75% LTV.

Over the six months we've been trying to buy we've watched the possible rate go from 3.64% to 3.89% back to 3.64% and it's now down to 3.39%.

Is it a massive headache for our broker to change us to the new product? It'd save us £26 per month which feels worth it; but if it delays our move we'll pay out £1000 in rent and feel another £500 at least in hassle!

Thanks.

sydenhambased

Resolved! Broker has put through a change of product; it's costing us £199 but should save us £1361 over the next five years. Fingers crossed it's quick...