New customer only - name and shame : Santander

michaels

Thrugelmir wrote: »

You'll need to budget on a cost to move your mortgage in and likewise out at the end of the product term. As the mortgage balance reduces the benefit of moving gets more and more difficult to achieve. Until you reach the point of being stuck.

Not on interest only

batg

michaels wrote: »

On their website you log in to the 'renew my mortgage' link not normal online banking (using mortgage account number, dob, monthly payment and postcode) and see a list of available offers. This only works once you are in the final 4 months of your current deal - good thing is you can then start the new deal straight away rather than having to wait until your current deal actually finishes - our new rate is about 0.55% lower which will save us about £135 per month for 3 months from what we would have been paying had we had to wait to our product end date in October.

Plus no need to go through affordability, underwriting, credit checks etc that are needed if you go elsewhere.

thanks for that!