Santander Mortgage Deal

kev2009

Many thanks, as I used a mortgage broker initially, he said he would ring me when my 5yr fixed is due to run out so I might ask him if there is a fee for product transfer has he has all my original documents so I presume he wouldn't need to do the fact find as effectively nothing has changed as in i'm in same job, same company etc and he has the documentation regarding the 5 year fixed rate he got me previously so I would imagine be very easy for him.  The rate for new business is the same as the rate a mortgage broker can get funnily enough, for existing customers, they want to charge 0.5% more and charge an additional £251 product fee which seems odd as i'd of thought they would of been keep to retain existing customers but as you say maybe they are more interested in getting new business.
From a quick look on the market, it seems there is only a few quid different per month but the product fees vary significantly from 649 up to 1500 it seems so one is a cheaper rate but higher fee etc.  
Many thanks for the information, i'll contact my mortgage broker i used before and see what he says.
Only reason I thought of approaching the bank is i'm sure i saw somewhere mentioned that you could approach the bank for a better offer and see what they say as sometimes they will offer a better deal so hence i thought maybe i should try.
Thanks
Kevin

kev2009

Was just thinking, if i signed up to a new deal, does that start from say the following month or when my existing 5 year fixed runs out?
Thanks
Kev

kev2009

I'm planning to make a overpayment on mortgage and then look to fix it once OP has gone through etc.

Kev

kev2009

So my mortgage broker can get the same deals I can it turns out so I've just been on to sign up and my recent Over payment isn't showing, the amount is still showing my old rate, even though I have received a confirmation of payment letter and my mortgage account showing the Op has been taken and shows my new figure owed.
Should i simply call them up? I made the payment approx 1 week ago so haven't signed up to a new 5 year fixed as unsure why it isn't reflecting the new total I owe.
Thanks
Kev

kev2009

Just about to phone up Santander and re-checked and now the website for the mortgage deal is now saying the correct figure so have proceeded through and it now says they will send a letter with offer to be signed & accepted.  However, it has not asked from which account to pay the fee etc as I chose to pay upfront as opposed to add to mortgage.  Will this be on the paper work they send through or will they automatically take from account i pay mortgage from?
Thanks
Kev