What Santander Offered Me as Existing Mortgage Customer

sitesafe

Whilst i realise the reason Santander give for not disclosing its products to existing customers approaching is because everyone is different (if so then how come many others do show you) I thought maybe some might be interested in seeing what they offered me.

Before i do this please can someone tell me how i can copy and paste the screenshots onto here rather than have to type it all out? many thanks...

sitesafe

THESE WERE BTL RATES SO WEREN'T RELEVANT TO ME IN THE END
Balance - £48,498.77 - Term - 12 years 8 months
LTV -38%

2 year fix - 2.49 - (apr 4.5) - fee - £1,999
2 year fix - 2.99 - (apr 4.5) - fee - £999
2 year fix - 3.49 - (apr 4.3) - fee - zero

5 year fix - 3.69 - (apr 4.5) - fee - £999
5 year fix - 3.99 - (apr 4.6) - fee - zero

Any advice on which of these is the best deal would be appreciated....I'm a bit rubbish with the mortgage calculators! I'm not sure any of them sound that great but i could be wrong.

sitesafe

I thought someone on here recently said that if you're within two months of your deal coming to an end that they are fee free? Not in my case it seems!...

amnblog

I suspect the 'best deal' is elsewhere.


Have you had some issues with your credit file?

Thrugelmir

sitesafe wrote: »

I thought someone on here recently said that if you're within two months of your deal coming to an end that they are fee free? Not in my case it seems!...

Market constantly changes. Fees are set to attract a particular target market of borrower.

Boredatwrork

I think the issue you may have moving lenders is your balance: "£48,498.77", obviously its good that its that low, but some lenders have a minimum lend of £50k, so thats the first thing to look for on bank websites.

Obviously the smaller your mortgage the less the potential to save with rates and at 50k it will be fairly minimal, so (without doing the maths), the smaller the fee is probably prefferable.

Call the bank and ask them how much the monthly payment would be in each scenario and times that by the term i.e 24 or 60 months then add the the fee to that and see which is cheaper.

JimmyTheWig

sitesafe wrote: »

I thought someone on here recently said that if you're within two months of your deal coming to an end that they are fee free? Not in my case it seems!...

Within 4 months of your deal ending you can apply for a new deal to start when your deal ends.
If they write to you and say you can then sometimes within a couple of months of your deal ending you can switch to a new deal straight away and not pay Early Repayment Fees on your existing deal.
But I've never heard of an option where they wipe out the fees for a new product.

JimmyTheWig

sitesafe wrote: »

Balance - £48,498.77 - Term - 12 years 8 months
LTV -38%

2 year fix - 2.49 - (apr 4.5) - fee - £1,999
2 year fix - 2.99 - (apr 4.5) - fee - £999
2 year fix - 3.49 - (apr 4.3) - fee - zero

Sorry to say this, but when I got a new deal from them 2 weeks ago I got a 2 year fix with no fee and 1.79% interest.
Was a higher balance and longer term. Don't know if that impacts anything.

Do you have a Santander 123 current account? Apparently that helps.

Thrugelmir

JimmyTheWig wrote: »

Was a higher balance and longer term. Don't know if that impacts anything.

Rates and fees are set on commercial grounds.