Santander 1.79% 5 year fixed rate mortgage no fees 60% LTV
642°Expired

Santander 1.79% 5 year fixed rate mortgage no fees 60% LTV

40
Found 29th JanEdited by:"the.porter"
The £999 fee has been removed again so a great 5 year option imo
Community Updates
Online exclusives – these mortgage deals are only available online when you complete a full application on Santander.co.uk. These deals are not available in our branch or telephone channels. Please remember if you apply online you need to be comfortable selecting your own mortgage without receiving advice from a Santander Mortgage Adviser.
Santander Deals

Groups

40 Comments
Overpayment allowed?
Jonnyblock3 m ago

Overpayment allowed?


Not sure about this package, but currently with Santander and they allow 10% of the mortgage over payment per year


Are you allowed to sign upto this deal if your currently in fixed mortgage deal with Santander?
Edited by: "KiNG" 29th Jan
KiNG25 m ago

Not sure about this package, but currently with Santander and they allow …Not sure about this package, but currently with Santander and they allow 10% of the mortgage over payment per yearAre you allowed to sign upto this deal if your currently in fixed mortgage deal with Santander?


Not without paying an early repayment penalty for the current mortgage deal your on.
How is the LTV worked out if you are a few years into a mortgage already?
Free valuation and legals for remortgages too. They can be hefty with competitors with attractive headline rates.
rnr811 h, 23 m ago

How is the LTV worked out if you are a few years into a mortgage already?


Just put in what your house is worth and what you currently owe on your mortgage here and it will tell you
Excellent deal!
Is it possible to add the word ''Mortgage'' in heading?
Was going to go through with this deal end of last year. After approval etc, I was required to pay £250 completion fee , either immediately or added to mortgage. Stayed with Nationwide in the end.
We switched to their 1.99% (75% LTV) zero fee offer just before Christmas. All very easy and now fixed for 5 years at a decent rate.
My mortgage with Santander fixed till July, should I wait till then or try remortgage now?
Is it possible to carry this deal over to another property?
rodman35 m ago

My mortgage with Santander fixed till July, should I wait till then or …My mortgage with Santander fixed till July, should I wait till then or try remortgage now?


Check your existing contract. The early redemption charge will usually be 1-1.5% of the total repayments you've made through the life of the mortgage.

They're robbing bar stewards, all of them.
vincento_127 m ago

Is it possible to carry this deal over to another property?


Some companies will let you transfer, if that's what you mean. You'd need to call and check.

Halifax wouldn't let is switch ours.
I think I am on 1.69 tracker with nationwide, this seems much better than their 5 year fixed which is 2.09%how much hassle would it be to switch though
Great deal
10% overpayment threshold kills this for me. I'm better off with Coventry Building Society
I remortgaged to this deal November last year but paid the £999 fee, but that`s prob as I was an existing customer. Works out about £25 a month more than my previous 2 year fix, but worth it for the 5 year peace of mind.
The £999 fee is still showing on the website for me. Is this a branch only deal?
BigCol41 m ago

The £999 fee is still showing on the website for me. Is this a branch only …The £999 fee is still showing on the website for me. Is this a branch only deal?


At 2.04% the product fee is 0
BigCol443 m ago

The £999 fee is still showing on the website for me. Is this a branch only …The £999 fee is still showing on the website for me. Is this a branch only deal?


No it’s online 60% LTV
Edited by: "the.porter" 30th Jan
the.porter21 m ago

No it’s online 60% LTV


It only works if you are remortgaging to them, I am moving house so the offer doesn't apply (also doesn't apply to first time buyers).

Heat from me, good deal if you can get it.
vincento_17 h, 12 m ago

Is it possible to carry this deal over to another property?


Should be. I did this with Santander. If you're upsizing rather than down you basically take a mortgage out for the further balance.
I'm with Santander and rung them as I wanted to borrow extra for a loft conversion ... My fix rate is up in march ... They said I can't get this deal and that I need to log into my online account to see the deals open to me the best they had was 5 years fixed no fee at 2.29%
looks like if you pair it with a 123 lite current account you will get 1% cashback on your mortgage payments. I suppose its a good idea to apply for the current account first and then the mortgage or can they be done at the same time?
IamChris30th Jan

looks like if you pair it with a 123 lite current account you will get 1% …looks like if you pair it with a 123 lite current account you will get 1% cashback on your mortgage payments. I suppose its a good idea to apply for the current account first and then the mortgage or can they be done at the same time?


There should be 1% back, max £10 per month.

If I were you, I would do the mortgage app first to minimise the credit file imprint. There should be no reason why you can't apply for the 123 later and get the 1% once the DD is shifted across.
My existing 2 yr fixed with Virgin money is up in August... any chance I could apply for this and switch when I finish with Virgin later? I don't want to miss this 5 yr fix as I am not sure these deals will stay that long.
Great deal for a 5 year fixed. Heat(embarrassed)
whitman_the_cat14 h, 45 m ago

There should be 1% back, max £10 per month. If I were you, I would do the …There should be 1% back, max £10 per month. If I were you, I would do the mortgage app first to minimise the credit file imprint. There should be no reason why you can't apply for the 123 later and get the 1% once the DD is shifted across.


thanks I did just that. looks like it's all going through withotu a problem
Nice, not for people with HELP TO BUY scheme though as it is not accepted online.
I downloaded the pdf details of the mortgage during the online application process and read through it. It says there is a £225 administration charge to pay at the end of the term.

The account fee for the provision and general administration of your mortgage. This fee can be paid on completion or deferred until the end of your mortgage. If you defer the payment, this fee will not increase.


jameswalker45730th Jan

Should be. I did this with Santander. If you're upsizing rather than down …Should be. I did this with Santander. If you're upsizing rather than down you basically take a mortgage out for the further balance.



What happens if you move house? If you move house you may be able to transfer this mortgage to another property as long as you meet the conditions set out in the mortgage conditions booklet under 'Transferring your loan to a new mortgage'. You must also meet our lending criteria and pass our affordability assessment at that time.


What are the usual sticking points or tricks lenders play when you want to move current mortgage deal to another property? Since the ERC (5%) is huge it will be disastrous if we decide to move home but the deal cannot be moved.
vincento_11 h, 10 m ago

What happens if you move house? If you move house you may be able to …What happens if you move house? If you move house you may be able to transfer this mortgage to another property as long as you meet the conditions set out in the mortgage conditions booklet under 'Transferring your loan to a new mortgage'. You must also meet our lending criteria and pass our affordability assessment at that time. What are the usual sticking points or tricks lenders play when you want to move current mortgage deal to another property? Since the ERC (5%) is huge it will be disastrous if we decide to move home but the deal cannot be moved.


Basically you need to stick to Santander and "port" your existing mortgage within 90 days. If you don't you'll be eligible for the repayment charge. I literally remortgaged and moved less than 6 months after... ERC would've been about 2k.

Basically held on the old mortgage until they did the bits on their end (takes about 10 working days) then that disappeared!

Ring Santander mortgages team. They'll explain it all and really helpful tbf.

The only thing I didn't like was they were trying to push me to pay back more a month over less time then I'd be comfortable. My argument was I'll never Save 10 pcent of my balance a year so I can always repay should I decide.

Doesn't make sense to have a small mortgage at the moment when you can easily earn 5 pcent interest on cash. ~3.5 pcent net gain than if I'd pay into my mortgage.
Edited by: "jameswalker457" 4th Feb
Amazingly a great rate! Might calculate if it's worth terminating my current mortgage for this! Thanks
This now seems to have disappeared. I've got part way through the process, have a decision in principle, and they have requested my payslips. Does anyone know if the rate will still be honoured? (with no fees)
Has this expired? At 1.79%, the fee is now showing?????? We are remortgaging way below the 60% LTD, so should be eligible?
Sphere16th Feb

Has this expired? At 1.79%, the fee is now showing?????? We are …Has this expired? At 1.79%, the fee is now showing?????? We are remortgaging way below the 60% LTD, so should be eligible?


Yes its expired, you just missed it unfortunately
Just had my offer through and it says £225 fees but stated no fees I don’t get it
Edited by: "the.porter" 19th Feb
the.porter1 h, 4 m ago

Just had my offer through and it says £225 fees but stated no fees I don’t …Just had my offer through and it says £225 fees but stated no fees I don’t get it


All Santander mortgages have this fee, it's their 'Account fee', as opposed to a 'Product fee'. You pay it when you pay off the mortgage, or if you leave Santander. It's BS, obviously, but that's banks for you!
My initial online application for 1.79% without fees was declined due to a very silly mistake on the application by me. I followed up the application with Santander on the phone over a couple of weeks to rectify and reinstate the application. They have honoured the original 1.79% no fees deal. I also asked about the £225 fees and I can confirm that they will be charging this as an administration fee.
Post a comment
Avatar
@
    Text