Santander remortgage - 1.54% 5 year Fixed rate (75% LTV) - Product fee £999
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Santander remortgage - 1.54% 5 year Fixed rate (75% LTV) - Product fee £999

25
Posted 22nd Oct 2019
Remortgages only

£999 Product fee
Valuation - no fee, included
Legal fees - no fee, included

Annual over payment allowance - 10%

If you have one of Santander's 123 accounts you also get 1% cashback on the first £1,000 of your monthly mortgage payment (presuming your payment comes out of the 123 account).

So that's a potential £120 yearly cashback.

Note - Product fee means this benefits those with over larger remortgages, otherwise £0 fee, higher %age fixes will be better.

Lock in rate : 4 months in advance.
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25 Comments
Can I open a 123 account now and still get the cashback or should you have had it for some time beforehand?
qwales22/10/2019 14:14

Can I open a 123 account now and still get the cashback or should you have …Can I open a 123 account now and still get the cashback or should you have had it for some time beforehand?


you can open it at any time as so long as your santander mortgage direct debit it leaving the 123 account, cashback will be paid each month.
Excellent thanks. Think we are due end of Feb so this looks good, although not sure if they'll like my age and length of mortgage required.
qwales22/10/2019 14:14

Can I open a 123 account now and still get the cashback or should you have …Can I open a 123 account now and still get the cashback or should you have had it for some time beforehand?


you can open it anytime and still get cashback.
thanks for this, im already an existing santander mortgage holder so will see if I can move to this online tonight.
spicy_gal22/10/2019 14:38

thanks for this, im already an existing santander mortgage holder so will …thanks for this, im already an existing santander mortgage holder so will see if I can move to this online tonight.


Might be worth looking at the 123 lite account as well. It has a £1 fee rather than a £5 fee, pays the cash back like the 123 account but does not pay interest on the balance in the account.

The 123 lite account worked out a better deal for me as I don't keep money sat in my current account - it's just used for bills.
Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone know can you switch to the better deal or will there be big fees?
Paul.Madden22/10/2019 16:20

Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone …Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone know can you switch to the better deal or will there be big fees?


Current mortgage needs to be paid in full so I'd imagine early repayment fees around 2-3% of total mortgage
Paul.Madden22/10/2019 16:20

Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone …Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone know can you switch to the better deal or will there be big fees?


BIG fees.
Got 1.45% with Skipton. Few lenders set to beat this shortly too. Brexit will probably lead to a base rate decrease and we will be back to 1.2 and 1.3 options if you can hold out.
donny126622/10/2019 17:04

Got 1.45% with Skipton. Few lenders set to beat this shortly too. Brexit …Got 1.45% with Skipton. Few lenders set to beat this shortly too. Brexit will probably lead to a base rate decrease and we will be back to 1.2 and 1.3 options if you can hold out.


1.45% : Is this at 75% LTV? Broker specific? Booking Fee?
Paul.Madden22/10/2019 16:20

Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone …Remortgaged at 1.99 5yr fixed with Santander only a few months ago, anyone know can you switch to the better deal or will there be big fees?


Unfortunately it’s the peak and trough of fixing. Sometimes it goes up or down, just one of them things. Main thing is you know what you’re paying out next 5 years
That’s great rate for 5yr fixed
so i just logged online to my santander and im only being offered a crap 5 yr rate at 2%. We have recently completed our home renovations which will have increased the value of our house a fair bit ( increased from 3 to 5 bedroom detached home). Does anyone know if I can negetioate the lower rate based once they undertake a valuation? Bit stuck with santander as my husband has recently started a new company therefore we dont have many years worth of business account history yet
spicy_gal22/10/2019 21:28

so i just logged online to my santander and im only being offered a crap 5 …so i just logged online to my santander and im only being offered a crap 5 yr rate at 2%. We have recently completed our home renovations which will have increased the value of our house a fair bit ( increased from 3 to 5 bedroom detached home). Does anyone know if I can negetioate the lower rate based once they undertake a valuation? Bit stuck with santander as my husband has recently started a new company therefore we dont have many years worth of business account history yet


You can ask them to conduct a new valuation based on your improvements. Not sure if the deal posted is available to existing customers, based on posts on other threads probably not. BUT I don't recall the differential being as much as this, so it's probably due to the LTV being higher than 75%%? A fresh valuation may bring that down.
daniapes22/10/2019 14:33

you can open it at any time as so long as your santander mortgage direct …you can open it at any time as so long as your santander mortgage direct debit it leaving the 123 account, cashback will be paid each month.


can the mortgage payment be split into two and get cash back from two accounts? mine and wifes?
Outstanding find. Almost good enough for me to remortgage.
gadgetcake22/10/2019 21:37

You can ask them to conduct a new valuation based on your improvements. …You can ask them to conduct a new valuation based on your improvements. Not sure if the deal posted is available to existing customers, based on posts on other threads probably not. BUT I don't recall the differential being as much as this, so it's probably due to the LTV being higher than 75%%? A fresh valuation may bring that down.


thanks for this. I called Santander and they arranged a valuation. Within 24 hours they sent a surveyor round my house and now I'm just waiting to hear the outcome. Fingers crossed if they agree to my valuation figures they will give me the lower rate. Will update once I hear from Santander!
donny126622/10/2019 17:04

Got 1.45% with Skipton. Few lenders set to beat this shortly too. Brexit …Got 1.45% with Skipton. Few lenders set to beat this shortly too. Brexit will probably lead to a base rate decrease and we will be back to 1.2 and 1.3 options if you can hold out.


Is it still there? can't find that, could you post a link please.
giridhart05/11/2019 15:38

Is it still there? can't find that, could you post a link please.


That rate was pulled last Friday. The current best is 1.54%

Halifax seem to have a 1.08% 2 year fix lined up which is probably a better shout imo.
Edited by: "donny1266" 5th Nov 2019
donny126605/11/2019 15:42

That rate was pulled last Friday. The current best is 1.54%Halifax seem to …That rate was pulled last Friday. The current best is 1.54%Halifax seem to have a 1.08% 2 year fix lined up which is probably a better shout imo.


If you don't mind, how do you know 1.08 is coming.
Their product fee ts 1495.
giridhart06/11/2019 08:00

If you don't mind, how do you know 1.08 is coming.Their product fee ts …If you don't mind, how do you know 1.08 is coming.Their product fee ts 1495.


999 product fee, 1.08% 2 year fix. Semi exclusive option available to brokers who are on certain networks.
donny126606/11/2019 08:07

999 product fee, 1.08% 2 year fix. Semi exclusive option available to …999 product fee, 1.08% 2 year fix. Semi exclusive option available to brokers who are on certain networks.


Do they have a good 5 year option by any chance?! Also any hint on which semi exclusive brokers may be able to offer this please?
Had an appointment with a Santander mortgage advisor yesterday and have signed up to 1.39% with a £1499 fee
Mark_Simmo21/12/2019 08:13

Had an appointment with a Santander mortgage advisor yesterday and have …Had an appointment with a Santander mortgage advisor yesterday and have signed up to 1.39% with a £1499 fee


1.39%? Presume you're under 60% LTV?
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