We value the work that you do and we want to make sure you know about the improvements we have recently introduced.
Procuration fee improvements introduced from Monday13 February:
- A Minimum Proc fee of £400 is paid for all New Residential and Buy to Let new business on all loans of £25,000 and above
- There is No Maximum Proc fee
Please call your dedicated contact to discuss our latest deals and to see how we may be of help.
In addition, from 24 February, we’ve improved our policy where any part of the mortgage is on interest only:
- Maximum age increased so the mortgage term can now go up to the oldest applicant’s 70th birthday (previously 65th)
- Maximum gross income removed (previously £50,000 for single or £70,000 for joint applicants)
- Where any loan part is on interest only, our standard income multiples apply, unless the combined gross income is less than £100,000, in which case we’ll lend up to 4.45 times income
- Please use our affordability calculator to find out how much your clients may be able to borrow
Please call your dedicated contact to discuss our latest deals and to see how we may be of help.
Santander for Intermediaries
Aimed at intermediaries and investment professionals only: not for public distribution
