Santander for Intermediaries (SFI) is making increases to a small number of products.
The changes are as follows:
- 60% LTV two-year fixed purchase and remortgage, increasing to 1.44% with a £1495 booking fee (min £200,000)
- 60% LTV five-year fixed purchase and remortgage, increasing to 2.39% with a £995 booking fee
- 75% LTV two-year fixed remortgage only, increasing to 1.79% with a £1495 booking fee (min £200,000). Purchase version will be withdrawn
- 75% LTV two-year tracker purchase and remortgage, increasing to 1.69% with a £995 booking fee
- 95% LTV two-year fixed Help to Buy: mortgage guarantee, increasing to 4.89% with £0 booking fee
The lender is also withdrawing our 10 year fixed products at 70% LTV (standard and loyalty versions).
At the same time, it is making improvements to its range, including reducing the rate on its 75% LTV two-year fixed buy-to-let product to 2.79% with a £1,995 fee booking fee.
It is also launching new two-year trackers, including:
- 60% LTV purchase and remortgage, 1.39% (BBR+0.89%) with a £995 booking fee
- 70% LTV purchase and remortgage, 1.59% with a £995 booking fee
- 70% LTV large loan purchase and remortgage, 1.99% with a £1995 booking fee (for loans up to £3m)
SFI is also adding its Homebuyer Free Valuation and Remortgage Solutions to its flexible offset and lifetime tracker products to provide customers with the benefit of a free valuation when buying a new home and a free valuation plus paid standard legal work when remortgaging.
The charge and benefit end dates and the completion deadlines on its range will move on one month and all the product codes will be replaced on its fixed rate products.
