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Santander Mortgage Account Fee

DiscomBob
DiscomBob Posts: 5 Forumite
Part of the Furniture Combo Breaker
in Mortgages & endowments
We currently have a 5-year fixed deal with Santander that's about to end, so we're looking at new deals. I'm struggling to understand whether the £225 account fee that Santander charge applies each time you move onto a new deal (in which case, it's enough to incentivise us to look elsewhere) or else only applies once so long as we stay with Santander.

Can anyone who's STAYED with Santander from one fixed term deal to another please confirm?

Thanks.

Comments

  • Altior
    Altior Posts: 1,626 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Yes there's no additional account fee if you agree to a new deal with them. I believe the fee can be deferred until the mortgage is completed, the no brainer option. I've been with them for over 10 years with multiple fixed rate deals, never paid a fee.
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Is the £225 account fee you refer to not simply a fee you pay when you leave Santander closing your account with them?
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
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