Santander mortgage

joshparker1911

I've accepted a new mortgage deal on the app, but have heard today santander is cutting their rates Friday. Is there still time for me to cancel and lock in these better rates on Friday. My progress according to the app is shown below

Hoenir

What's the source of your information? 

joshparker1911

Hoenir said:

What's the source of your information? 

Something I saw on tiktok from a mortgage broker, looked legit like a generic email sent around out to brokers.

kingstreet

From our Santander BDM;-

On Friday 31 January, we’re reducing most fixed rates in our new business and product transfer ranges by up to 0.28%. A small number of fixed rates are increasing by up to 0.12%.

Residential product transfers - selected 2 year and 5 year fixed rates reducing by up to 0.10%.

amnblog

Depends when the rate starts if 2nd February, too late, if 2nd March you have time

Hoenir

kingstreet said:

From our Santander BDM;-

On Friday 31 January, we’re reducing most fixed rates in our new business and product transfer ranges by up to 0.28%. A small number of fixed rates are increasing by up to 0.12%.

Residential product transfers - selected 2 year and 5 year fixed rates reducing by up to 0.10%.

Santander have been losing market share recently apparently. Chimes with the rumours of descaling/exiting their UK operations.