Santander Basic Account and mortgage

pepper33

I have re mortgage with Santander and am about to open a basic bank account with them. Is it true that you get discount on your mortgage if you bank with them?

thanks in advance

jonesMUFCforever

I believe if you have a 123 account and pay certain bills by D/D then you get discounts as cashback.
You will not get it with a basic account.

fromtheshires

I have a mortgage and had an everyday current account with them for a while. I got no discount. I now get 1% cash back with my 123 current account a month. There are no discounts I am aware of.

The 123 current account may be worth looking at if you have a mortgage with Santander but you will need to see if the total cashback from your mortgage and other DD is worth the fee.

pepper33

thank you, but I am not eligible for an ordinary 123 account.

grumbler

No eligible why? Did you try to apply?
The only general eligibility requirements I know are:

• 18 years of age or over
• live in the UK permanently

pepper33

I have a bad credit score

grumbler

How did you manage to get a mortgage then? as it an extension of the old mortgage?

pepper33

No it is a re mortgage 10 years ago

System

You could always appeal the upgrade refusal and someone will consider the upgrade manually.

You should have a reasonable chance with a Santander mortgage.

pepper33

Thank you will give it a go

grumbler

>> Your application and credit scoring - Santander