Unfortunately, this deal is no longer available
Santander 5 year fixed rate remortgage @ 1.39% plus £1499 setup fee.
219° Expired

Santander 5 year fixed rate remortgage @ 1.39% plus £1499 setup fee.

35
Posted 2nd JanEdited by:"asc91"

This deal is expired. Here are some options that might interest you:

1.39% fixed for 5 years
Large fee of £1499 means it's overall similar in cost over 5yrs to the First Direct 1.44% 5 year fix.

Potential £225 or more (depending on loan size) cashback through cashbackremortgagesquote.co.uk/ which makes it marginally cheaper.
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Top comments
That is a massive fee.
Dell_Boy03/01/2020 03:41

Im not sure i would be able to sleep at night with a 600k mortgage but …Im not sure i would be able to sleep at night with a 600k mortgage but good luck to you if you can afford it


Commenting at 3:41 am, doesn't look like you can sleep at night anyway
Shegan002/01/2020 23:37

That's fair enough if they do. I just wonder why they need to be in hukd …That's fair enough if they do. I just wonder why they need to be in hukd when they can afford such s house!


Just because you might have alotta dough, doesn't mean you need to spend it frivolously. That's a fast route to making it disappear. Plus, most people like a bargain, regardless of their own financing.
Shegan002/01/2020 23:37

That's fair enough if they do. I just wonder why they need to be in hukd …That's fair enough if they do. I just wonder why they need to be in hukd when they can afford such s house!



Houses not as cheap as they used to be for where I live (my choice and yes I could have moved to a cheaper area). We only joined the property ladder two years ago and it’s a joint mortgage. Re why I’m here on HUKD- I got to where I am by finding good deals
Edited by: "Docman" 3rd Jan
35 Comments
That is a massive fee.
Willy_Wonka02/01/2020 21:44

That is a massive fee.


Only justifiable if you have a super xxl mortgage

In all other cases, engage a fee free whole of market broker
First Direct works out about £1000 cheaper for a £30000 mortgage fixed over 5 years
Willy_Wonka02/01/2020 21:44

That is a massive fee.


First direct do a higher rate with £490 fee and Halifax is inbetween the two rates and £999 fee.

Depends on how much your mortgage is as to which is best.
asc9102/01/2020 22:09

First direct do a higher rate with £490 fee and Halifax is inbetween the …First direct do a higher rate with £490 fee and Halifax is inbetween the two rates and £999 fee. Depends on how much your mortgage is as to which is best.



Yes I know but First Direct is a genuine 5 year mortgage & Santander is 5 years 3 months.
Willy_Wonka02/01/2020 21:53

First Direct works out about £1000 cheaper for a £30000 mortgage fixed o …First Direct works out about £1000 cheaper for a £30000 mortgage fixed over 5 years


Why would you bother fixing a £30,000 mortgage?
Is someone (smarter than me) going to do the maths and tell us the mortgage amount above which this deal will be better than the FD deal posted couple of days ago?
Alansmithee02/01/2020 22:22

Why would you bother fixing a £30,000 mortgage?



No surprises from the hints from the Bank of England. All affordable on a salary that is modest. £208 per month & released £7k for a new bathroom. All at the fixed grand expense of about £8 per month over the lowest variable.

Or there abouts.
Edited by: "Willy_Wonka" 2nd Jan
bbhushan8302/01/2020 22:32

Is someone (smarter than me) going to do the maths and tell us the …Is someone (smarter than me) going to do the maths and tell us the mortgage amount above which this deal will be better than the FD deal posted couple of days ago?



It all depends on how much you borrow & your house value & what is the max payment you can comfortably afford. .
Edited by: "Willy_Wonka" 2nd Jan
tsb 1.84 for 5 years.. no fee..
deleted97683502/01/2020 22:46

tsb 1.84 for 5 years.. no fee..


It totally spends how big your mortgage is, that deal may be better or far worse for some. On a £200k mortgage an extra 0.5% means almost an extra £1000 worth of total interest in the first year alone!
I fixed with this a few weeks ago and I’ll give you my two pence worth. Useful for me for several reasons:

1. Large mortgage 600k+

2. Was already with Santander and this offer is for a 60% LTV, but Santander let me in with 75% LTV (via a broker)

3. I agree the fee is large, but if I had fixed it for two years I would most likely have had to pay £999, then £999 again for another two years

I’m sure people will argue against some of my reasons, but for me at the time I felt it suited my requirements.
SirSpanky02/01/2020 23:00

It totally spends how big your mortgage is, that deal may be better or far …It totally spends how big your mortgage is, that deal may be better or far worse for some. On a £200k mortgage an extra 0.5% means almost an extra £1000 worth of total interest in the first year alone!



my 6years left and 26.000 /300..per month
bagga21202/01/2020 21:48

Only justifiable if you have a super xxl mortgage In all other cases, …Only justifiable if you have a super xxl mortgage In all other cases, engage a fee free whole of market broker


No harm, but they've never managed to beat (or often even match) the deals I find myself. And they still have the arrangement fees so I tend not to bother with them.
Docman02/01/2020 23:04

I fixed with this a few weeks ago and I’ll give you my two pence worth. U …I fixed with this a few weeks ago and I’ll give you my two pence worth. Useful for me for several reasons:1. Large mortgage 600k+ 2. Was already with Santander and this offer is for a 60% LTV, but Santander let me in with 75% LTV (via a broker) 3. I agree the fee is large, but if I had fixed it for two years I would most likely have had to pay £999, then £999 again for another two yearsI’m sure people will argue against some of my reasons, but for me at the time I felt it suited my requirements.


U have a 600k mortgage????
Shegan002/01/2020 23:31

U have a 600k mortgage????



All relevant to income. Their salary/joint salary must be a lot.
Willy_Wonka02/01/2020 23:32

All relevant to income. Their salary/joint salary must be a lot.


That's fair enough if they do. I just wonder why they need to be in hukd when they can afford such s house!
Shegan002/01/2020 23:37

That's fair enough if they do. I just wonder why they need to be in hukd …That's fair enough if they do. I just wonder why they need to be in hukd when they can afford such s house!


Just because you might have alotta dough, doesn't mean you need to spend it frivolously. That's a fast route to making it disappear. Plus, most people like a bargain, regardless of their own financing.
DeafCassette02/01/2020 23:44

Just because you might have alotta dough, doesn't mean you need to spend …Just because you might have alotta dough, doesn't mean you need to spend it frivolously. That's a fast route to making it disappear. Plus, most people like a bargain, regardless of their own financing.



In this case the larger the mortgage the bigger the saving.
Willy_Wonka02/01/2020 23:48

In this case the larger the mortgage the bigger the saving.


Of course. I was replying to the previous commenter's question as to why the original poster needed to be on a deals sure if they had a few quid already.
Im not sure i would be able to sleep at night with a 600k mortgage but good luck to you if you can afford it
Dell_Boy03/01/2020 03:41

Im not sure i would be able to sleep at night with a 600k mortgage but …Im not sure i would be able to sleep at night with a 600k mortgage but good luck to you if you can afford it


Commenting at 3:41 am, doesn't look like you can sleep at night anyway
Shegan002/01/2020 23:37

That's fair enough if they do. I just wonder why they need to be in hukd …That's fair enough if they do. I just wonder why they need to be in hukd when they can afford such s house!



Houses not as cheap as they used to be for where I live (my choice and yes I could have moved to a cheaper area). We only joined the property ladder two years ago and it’s a joint mortgage. Re why I’m here on HUKD- I got to where I am by finding good deals
Edited by: "Docman" 3rd Jan
Dell_Boy03/01/2020 03:41

Im not sure i would be able to sleep at night with a 600k mortgage but …Im not sure i would be able to sleep at night with a 600k mortgage but good luck to you if you can afford it


If you have a combined income of £200k, why would it worry you?
It’s not that unusual in a London amongst professionals.
Many of my friends have a similar mortgage in their 30s with high paying city jobs.
Edited by: "manbearpig" 3rd Jan
Willy_Wonka02/01/2020 23:32

All relevant to income. Their salary/joint salary must be a lot.


600/5 so £120k+ give or take
Docman02/01/2020 23:04

I fixed with this a few weeks ago and I’ll give you my two pence worth. U …I fixed with this a few weeks ago and I’ll give you my two pence worth. Useful for me for several reasons:1. Large mortgage 600k+ 2. Was already with Santander and this offer is for a 60% LTV, but Santander let me in with 75% LTV (via a broker) 3. I agree the fee is large, but if I had fixed it for two years I would most likely have had to pay £999, then £999 again for another two yearsI’m sure people will argue against some of my reasons, but for me at the time I felt it suited my requirements.


For mortgage of that size it makes great choice, even 2 years fix 1.2, then you add fee 1.5 times as we pay for every 2 years.

Could you pls ping that broker you had used, I need to do in couple of months with fairly large mortgage like yours but I’m getting 1.49 for 75% LTV.
Hi guys,
Do you know if they sent a survivor if you want to switch from one lender to Santander?
Thanks
Enormous fee!!!
Guys, any good deals on fixed term with unlimited over payments rather than 10%?
They have exit or completion fee of £225 at the end of the term or if you switch
simonbikeuk03/01/2020 12:56

They have exit or completion fee of £225 at the end of the term or if you …They have exit or completion fee of £225 at the end of the term or if you switch


Thanks. Just read their conditions, pretty sneaky. I'm tempted to rule them out on this basis. With a 123 account I would get £100 cashback a month meaning this would be cheaper than the first direct for me. But not by much
It might be worth mentioning the LTV rate needed for this?
r1rado03/01/2020 11:02

Hi guys,Do you know if they sent a survivor if you want to switch from one …Hi guys,Do you know if they sent a survivor if you want to switch from one lender to Santander? Thanks


lenders will almost certainly want a valuation if you remortgage from another lender. Switching deal with current lender probably won’t
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