SANTANDER "Term come to end"

keithtoon

Hoenir said:

keithtoon said:

Hoenir said:

Seems Santander are covering their own backsides. Presumably you don't meet the criteria for a remortgage. 

They have suggested I apply to remortgage, I think they call it "Extend your Deal?
Every monthly review was welcomed with a " as long as your house is on the market", which they can see on Rightmove. Everytime I rang them you speak to a different person but this months review was a bit of a shock!!!
Never mind see what comes along as I have reduced the price. 
TIA Kg 

Probably catching up now with the backlog caused by the pandemic era. Administering deliquent accounts is administratively time consuming. Now you are firmly on the radar so to speak. 

Exactly what I was thinking. The first year all they said well as long as you pay your mortgage and do not fall behind on your payments we will support you.  Last May it was " you have to put your house on the market!
I did do this and was told "thats good news and keep us updated. My monthly review in November I was told not to contact them in December and ring them  24th  of Jan as the markets will be very quiet. So this months review came as a shock.

keithtoon

silvercar said:

Out of interest, what interest rate are they charging you? Their SVR or are they adding a penalty rate?

8.5% !
Variable Bank of England base rate 5.25%  Tracking amount 3.25%
And yes spoke at length with EA on reductions.