Santander Remortgage

Hi

i am now able to remortgage with Santander who are offering a rate of 2.29% with £999. 

On the intermediary page it quotes a rate of 2.10% with same fee.

when I called to query the person on the phone said it’s not a remortgage as I’m not buying a new house, that doesn’t sound right?? Even so, all the 85% rates with a fee seem to be 2.1%? 

If I go through a broker would I be able to get the better rate?

thanks

Claudia

Comments

  • K_S
    K_S Posts: 6,874 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 2 August 2021 at 10:28AM
    cpknight said:
    Hi

    i am now able to remortgage with Santander who are offering a rate of 2.29% with £999. 

    On the intermediary page it quotes a rate of 2.10% with same fee.

    when I called to query the person on the phone said it’s not a remortgage as I’m not buying a new house, that doesn’t sound right?? Even so, all the 85% rates with a fee seem to be 2.1%? 

    If I go through a broker would I be able to get the better rate?

    thanks

    Claudia
    @cpknight I would love to wrong but would be very surprised if Santander were offering better remo rates through brokers than direct. Are you sure you are comparing like for like?
    The MSE mortgage finder does show a 2.10% £999 fee 85% LTV direct Santander remo product

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.



  • I’m at about 81% - ish LTV. (Paying lump sums isn’t option to reduce atm)
  • K_S
    K_S Posts: 6,874 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @cpknight Are you already with Santander and looking for a product-switch or are you with another lender and looking to move to Santander?

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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