Mortgage Range
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Issue 27
The rates detailed are available to all new customers and existing mortgage
customers moving home with effect from 17 December 2014
Key Changes
NEW
 60% LTV, 10 Year Fixed, Homebuyer & Remortgage, 3.44% with a £995 booking fee
WITHDRAWN
 95% LTV, Help to Buy: Mortgage Guarantee 2 Year Tracker, 5.24% (BBR +4.74%) with a £0 booking fee
AMENDED
 70% LTV, 3 Year Fixed, £995 booking fee, Homebuyer & Remortgage – Rate reduced from 2.69% to 2.54%
 90% LTV, 5 Year Fixed, £0 booking fee, Homebuyer – Rate reduced from 4.99% to 4.45%
 The charge and benefit end dates, and completion deadlines, rolled on one month with new product codes issued on standard fixed rates.
Aimed at Intermediaries and Investment Professionals only. Not for public distribution.
Abbey's mortgage range - Page 1 of 10
Fixed rate mortgages
90% LTV products, the booking fee cannot be added to the loan.
2 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code
or before
60%
1.84%
n/a
4.4%
£995
31 March 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
M441R
Remortgage Solution
70%
2.09%
n/a
4.5%
£995
30 June 2015
£1,000,001
£1.5m
3%
2 April 2017
M443V
Homebuyer Free Valuation
70%
2.09%
n/a
4.2%
£995
30 April 2015
£1,000,001
£1.5m
3% (+ benefit)
2 April 2017
M443R
Remortgage Solution
70%
2.59%
n/a
4.5%
£0
30 June 2015
£6,000
£550k
3%
2 April 2017
M442V
Homebuyer Free Valuation
70%
2.59%
n/a
4.2%
£0
30 April 2015
£25,000
£550k
3% (+ benefit)
2 April 2017
M442R
Remortgage Solution
75%
1.94%
n/a
4.4%
£995
30 June 2015
£6,000
£1m
3%
2 April 2017
M446V
Homebuyer Free Valuation
75%
1.94%
n/a
4.4%
£995
30 April 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
M446R
Remortgage Solution
75%
2.79%
n/a
4.5%
£0
30 June 2015
£6,000
£550k
3%
2 April 2017
M445V
Homebuyer Free Valuation
75%
2.79%
n/a
4.3%
£0
30 April 2015
£25,000
£550k
3% (+ benefit)
2 April 2017
M445R
Remortgage Solution
80%
2.29%
n/a
4.5%
£995
30 June 2015
£6,000
£1m
3%
2 April 2017
M447V
Homebuyer Free Valuation
80%
2.29%
n/a
4.6%
£995
30 April 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
M447R
Remortgage Solution
85%
2.74%
n/a
4.6%
£995
30 June 2015
£6,000
£750k
3%
2 April 2017
M448V
Homebuyer Free Valuation
85%
2.74%
n/a
4.6%
£995
30 April 2015
£6,000
£750k
3% (+ benefit)
2 April 2017
M448R
Remortgage Solution
85%
3.49%
n/a
4.6%
£0
30 June 2015
£6,000
£750k
3%
2 April 2017
M449V
Homebuyer Free Valuation
85%
3.49%
n/a
4.7%
£0
30 April 2015
£25,000
£750k
3% (+ benefit)
2 April 2017
M449R
Remortgage Solution
90%
3.99%
n/a
4.7%
£0
30 June 2015
£6,000
£500k
3%
2 April 2017
M450V
Homebuyer Free Valuation
Benefit package
2 year Fixed rate - Large Loans
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
70%
2.39%
n/a
4.4%
£1,995
30 June 2015
£250,000
£2.5m
3%
2 April 2017
M444V
Homebuyer Free Valuation
70%
2.39%
n/a
4.4%
£1,995
30 April 2015
£250,000
£2.5m
3% (+ benefit)
2 April 2017
M444R
Remortgage Solution
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 2 of 10
3 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code Benefit package
or before
70%
2.54%
n/a
4.3%
£995
30 June 2015
£6,000
£1.5m
3%
2 April 2018
EA60V
Homebuyer Free Valuation
70%
2.54%
n/a
4.3%
£995
30 April 2015
£6,000
£1.5m
3% (+ benefit)
2 April 2018
EA60R
Remortgage Solution
75%
3.09%
n/a
4.6%
£995
30 June 2015
£6,000
£1m
3%
2 April 2018
EA61V
Homebuyer Free Valuation
75%
3.09%
n/a
4.5%
£995
30 April 2015
£6,000
£1m
3% (+ benefit)
2 April 2018
EA61R
Remortgage Solution
3 year Fixed rate - FTB only
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code Benefit package
or before
90%
4.89%
n/a
4.9%
£0
30 June 2015
£6,000
£500k
3%
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
70%
3.19%
n/a
4.3%
£0
30 June 2015
£6,000
£1m
5%
2 April 2020
KA71V
Homebuyer Free Valuation
70%
3.19%
n/a
4.1%
£0
30 April 2015
£25,000
£1m
5% (+ benefit)
2 April 2020
KA71R
Remortgage Solution
75%
2.89%
n/a
4.2%
£995
30 June 2015
£6,000
£1m
5%
2 April 2020
KA73V
Homebuyer Free Valuation
75%
2.89%
n/a
4.0%
£995
30 April 2015
£6,000
£1m
5% (+ benefit)
2 April 2020
KA73R
Remortgage Solution
80%
3.44%
n/a
4.4%
£995
30 June 2015
£6,000
£1m
5%
2 April 2020
KA74V
Homebuyer Free Valuation
80%
3.44%
n/a
4.4%
£995
30 April 2015
£6,000
£1m
5% (+ benefit)
2 April 2020
KA74R
Remortgage Solution
85%
3.84%
n/a
4.5%
£995
30 June 2015
£6,000
£750k
5%
2 April 2020
KA75V
Homebuyer Free Valuation
85%
3.84%
n/a
4.5%
£995
30 April 2015
£6,000
£750k
5% (+ benefit)
2 April 2020
KA75R
Remortgage Solution
90%
4.45%
n/a
4.8%
£0
30 June 2015
£6,000
£500k
5%
2 April 2020
KA76V
Homebuyer Free Valuation
2 April 2018
EA62V
Homebuyer Free Valuation
5 year Fixed rate
Payable if you repay on
Product Code Benefit package
or before
5 year Fixed rate - Large Loans
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
70%
3.49%
n/a
4.3%
£1,995
30 June 2015
£250,000
£2.5m
5%
2 April 2020
KA72V
Homebuyer Free Valuation
70%
3.49%
n/a
4.3%
£1,995
30 April 2015
£250,000
£2.5m
5% (+ benefit)
2 April 2020
KA72R
Remortgage Solution
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 3 of 10
10 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
60%
3.44%
n/a
2.9%
£995
30 June 2015
£6,000
£1m
6%
2 April 2025
W040V
Homebuyer Free Valuation
60%
3.44%
n/a
3.8%
£995
30 April 2015
£6,000
£1m
6% (+ benefit)
2 April 2025
W040R
Remortgage Solution
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 4 of 10
Tracker mortgages
90% LTV products, the booking fee cannot be added to the loan.
2 year Tracker
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code Benefit package
or before
75%
1.79%
1.29%
4.4%
£995
30 June 2015
£6,000
£1m
None
2nd anniversary
V856V
Homebuyer Free Valuation
75%
1.79%
1.29%
4.4%
£995
30 April 2015
£6,000
£1m
(benefit)
2nd anniversary
V856R
Remortgage Solution
80%
2.04%
1.54%
4.4%
£995
30 June 2015
£6,000
£1m
None
2nd anniversary
V857V
Homebuyer Free Valuation
80%
2.04%
1.54%
4.4%
£995
30 April 2015
£6,000
£1m
(benefit)
2nd anniversary
V857R
Remortgage Solution
80%
2.89%
2.39%
4.5%
£0
30 June 2015
£6,000
£550K
None
2nd anniversary
V855V
Homebuyer Free Valuation
80%
2.89%
2.39%
4.5%
£0
30 April 2015
£25,000
£550K
(benefit)
2nd anniversary
V855R
Remortgage Solution
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
2.49%
1.99%
2.6%
£995
NONE
£25,000
£1m
None
Lifetime Tracker
Payable if you repay on
Product Code Benefit package
or before
N/A
J125C
NONE
Lifetime Tracker - Large Loans
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
70%
2.79%
2.29%
2.7%
£1,995
NONE
£250,000
£2.5m
None
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
N/A
J120C
NONE
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 5 of 10
Flexible Offset mortgages
Minimum loan £150,000
Flexible Offset mortgages
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
3.19%
2.69%
3.3%
£495
NONE
£150,000
£1m
None
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
N/A
P450C
NONE
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 6 of 10
Help to Buy: Equity Loan
These clients are not eligible for our other 75% LTV products. Clients must have a copy of their 'Authority to Proceed' document from their local Help to Buy Agent before they can proceed with a
full mortgage application.
2 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
3.24%
n/a
4.6%
£0
30 June 2015
£6,000
£450k
3%
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
3.64%
n/a
4.4%
£0
30 June 2015
£6,000
£450k
5%
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
3.24%
2.74%
4.6%
£0
30 June 2015
£6,000
£450k
None
Payable if you repay on
Product Code Benefit package
or before
2 April 2017
H291V
Homebuyer Free Valuation
5 year Fixed rate
Payable if you repay on
Product Code Benefit package
or before
2 April 2020
H292V
Homebuyer Free Valuation
2 year Tracker
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
2nd anniversary
H233V
Homebuyer Free Valuation
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 7 of 10
Help to Buy: Mortgage Guarantee
Clients must meet the scheme eligibility criteria:
- Existing mortgage customer (moving home) or First Time Buyer
- Mortgage is for a pre-owned house only
- LTV greater than 90% and less than or equal to 95%
- Purchase price or valuation must be no more than £600,000
- Repayment (Capital & Interest) basis only
- Not an owner of any other property
2 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
95%
5.49%
n/a
5.0%
£0
30 June 2015
£6,000
£570k
3%
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
95%
5.59%
n/a
5.2%
£0
30 June 2015
£6,000
£570k
5%
Payable if you repay on
Product Code Benefit package
or before
2 April 2017
Y053V
Homebuyer Free Valuation
5 year Fixed rate
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
2 April 2020
Y054V
Homebuyer Free Valuation
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 8 of 10
Existing Mover Exclusives
For existing mortgage customers moving home. These customers are also eligible for our other Homebuyer products.
Minimum loan £6,000
3 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
3.04%
n/a
4.6%
£995
30 June 2015
£6,000
£1m
3% (+ benefit)
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
80%
1.99%
1.49%
4.4%
£995
30 June 2015
£6,000
£1m
(benefit)
Payable if you repay on
Product Code Benefit package
or before
2 April 2018
EA63L
Homebuyer Solution
2 year Tracker
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
2nd Anniversary
V851L
Homebuyer Solution
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 9 of 10
Current Account Exclusives
For existing qualifying Santander Current Account customers. Santander Current Account must have been open for 30 calendar days at the time of the mortgage application and the new Santander
mortgage Direct Debit must come out of this Santander current account.
Minimum loan £6,000
2 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code Benefit package
or before
75%
1.94%
n/a
4.5%
£495
30 June 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
C420H
Homebuyer Solution
75%
1.94%
n/a
4.4%
£495
30 April 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
C420R
Remortgage Solution
80%
2.29%
n/a
4.5%
£495
30 June 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
C421H
Homebuyer Solution
80%
2.29%
n/a
3.7%
£495
30 April 2015
£6,000
£1m
3% (+ benefit)
2 April 2017
C421R
Remortgage Solution
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
80%
3.44%
n/a
4.3%
£495
30 June 2015
£6,000
£1m
5% (+ benefit)
2 April 2020
C422H
Homebuyer Solution
80%
3.44%
n/a
4.3%
£495
30 April 2015
£6,000
£1m
5% (+ benefit)
2 April 2020
C422R
Remortgage Solution
5 year Fixed rate
Payable if you repay on
Product Code Benefit package
or before
2 year Tracker rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
1.79%
1.29%
4.4%
£495
30 June 2015
£6,000
£1m
3% (+ benefit)
2nd anniversary
C415H
Homebuyer Solution
75%
1.79%
1.29%
3.6%
£495
30 April 2015
£6,000
£1m
3% (+ benefit)
2nd anniversary
C415R
Remortgage Solution
80%
2.04%
1.54%
4.4%
£495
30 June 2015
£6,000
£1m
(benefit)
2nd anniversary
C417H
Homebuyer Solution
80%
2.04%
1.54%
4.3%
£495
30 April 2015
£6,000
£1m
(benefit)
2nd anniversary
C417R
Remortgage Solution
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
H = Movers and First Time Buyers only
Abbey's mortgage range - Page 10 of 10
Buy to Let mortgages
Percentage booking fees must be added to the loan
2 year Fixed rate
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
Payable if you repay on
Product Code Benefit package
or before
60%
2.45%
n/a
4.7%
£1,995
30 June 2015
£25,000
£750K
3%
2 April 2017
BLK0V
Homebuyer Free Valuation
60%
2.45%
n/a
4.7%
£1,995
30 April 2015
£25,000
£750K
3% (+ benefit)
2 April 2017
BLK0R
Remortgage Cashback
60%
2.79%
n/a
4.7%
£1,495
30 June 2015
£25,000
£750K
3%
2 April 2017
BLL3V
Homebuyer Free Valuation
60%
2.79%
n/a
4.7%
£1,495
30 April 2015
£25,000
£750K
3% (+ benefit)
2 April 2017
BLL3R
Remortgage Cashback
30 June 2015
£50,000
£750K
3%
2 April 2017
BLL4V
Homebuyer Free Valuation
60%
2.59%
n/a
4.9%
2.50% (must be added
to the loan)
60%
2.59%
n/a
5.0%
2.50% (must be added
to the loan)
30 April 2015
£50,000
£750K
3% (+ benefit)
2 April 2017
BLL4R
Remortgage Cashback
75%
2.95%
n/a
4.6%
£1,995
30 June 2015
£25,000
£750K
3%
2 April 2017
BLL5V
Homebuyer Free Valuation
75%
2.95%
n/a
4.9%
£1,995
30 April 2015
£25,000
£750K
3% (+ benefit)
2 April 2017
BLL5R
Remortgage Cashback
75%
3.34%
n/a
4.6%
£1,495
30 June 2015
£25,000
£750K
3%
2 April 2017
BLL6V
Homebuyer Free Valuation
75%
3.34%
n/a
4.9%
£1,495
30 April 2015
£25,000
£750K
3% (+ benefit)
2 April 2017
BLL6R
Remortgage Cashback
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
60%
4.04%
n/a
4.8%
£1,495
30 June 2015
£25,000
£750K
5%
2 April 2020
BLL7V
Homebuyer Free Valuation
60%
4.04%
n/a
5.8%
£1,495
30 April 2015
£25,000
£750K
5% (+ benefit)
2 April 2020
BLL7R
Remortgage Cashback
75%
4.34%
n/a
4.9%
£1,495
30 June 2015
£25,000
£750K
5%
2 April 2020
BLL8V
Homebuyer Free Valuation
75%
4.34%
n/a
6.0%
£1,495
30 April 2015
£25,000
£750K
5% (+ benefit)
2 April 2020
BLL8R
Remortgage Cashback
Maximum Loan to
Value
Initial
Rate
Differential to
BBR
APR
Booking fee
Completion deadline
Minimum
loan size
Maximum
loan size
Early Repayment
Charge
75%
2.99%
2.49%
4.7%
£1,495
30 June 2015
£25,000
£750K
2%
2nd anniversary
BLH0V
Homebuyer Free Valuation
75%
2.99%
2.49%
4.5%
£1,495
30 April 2015
£25,000
£750K
2% (+ benefit)
2nd anniversary
BLH0R
Remortgage Cashback
5 year Fixed rate
Payable if you repay on
Product Code Benefit package
or before
2 year Tracker
Product Code Key: C = Available to All customers
R = Remortgage only
Payable if you repay on
Product Code Benefit package
or before
H = Movers and First Time Buyers only
Product notes
Bank of England Base Rate officially known as Bank of England Repo Rate, currently 0.50%. Santander’s Standard Variable Rate, currently 4.74%.
General notes
 Interest is calculated on a daily basis and charged monthly for all products
 We reserve the right to increase or reduce the Standard Variable Rate, SVR is not available to new customers
 Variable Rate Tracker products are subject to a minimum rate of 0.0001%
 Maximum loan size on mortgage products relates to the total borrowing required by the customer, not just the borrowing on that product
 Booking fees are charged on some of our products. Where the fee has been added to the loan, the added fee will attract interest over the term. The customer can
repay this by cheque within 14 days after completion without incurring any interest on the booking fee.
 If you choose a product that allows the customer to add the fee to the loan, the added fee will attract interest, and in turn will increase the interest paid over the term of
the mortgage
Pre-completion product change fee
If any customer wants to change to another product after their application has been agreed and the survey has been instructed, they have to pay a fee of £199. This fee cannot
be capitalised in any circumstances. If a customer wishes to change their product they must pay this fee before the product change is processed.
If the customer has already paid the booking fee upfront for the original product and wants to change to another product, the new booking fee would be payable as well.
Booking Fee Refund Policy
If the customer changes their mind after we have collected a booking fee paid upfront, we would not refund it unless one of the following applies:
 we decline the application for any reason prior to the valuation being requested,
 after the valuation has been completed our surveyor decides that the property would be inadequate security for Santander,
 our surveyor downvalues the property and the customer needs to select a different product.
Top up of an existing product
Prior to completion, the maximum top up available is 10% of the original loan amount. The minimum is £1,000.
Early Repayment Charges
Our ERCs are calculated as a percentage of the outstanding mortgage balance at the time of redemption. The level of charge will differ by the type of product and the product term.
All borrowers are able to make capital repayments of up to 10% of their total outstanding loan balance each calendar year without incurring an ERC. The minimum capital
repayment is £500. If the booking fee has been added to the loan, the customer can repay this within 14 days following completion. Repayment of the booking fee will not affect a
customer’s ability to repay up to 10% of the capital each calendar year, free of any early repayment charge.
Benefit package ERCs associated with Homebuyer Solution, Remortgage Solution and Remortgage Cashback will continue to be charged as a fixed amount on top of the
percentage ERC.
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Benefit packages
Remortgage Solution (Available to all customers remortgaging their residential property where the product offers Remortgage Solution)
 Free standard valuation - all customers will receive a free valuation for mortgage purposes (up to a property value £2.5 million). In certain circumstances we may need to
arrange a full inspection. In these cases, the valuer will contact the customer directly
 Standard legal work - we will also arrange and pay for the cost of standard legal work involved in transferring the mortgage, ensuring it will be undertaken professionally and
speedily. The customer will be required to pay for the following third party fees above this limit if they apply:
– For leasehold properties - the landlord’s registration fee for registering the mortgage with the landlord in accordance with the terms of the lease
– If the title to the property is unregistered - the additional land registry registration fee
If any additional work is required, which is not normally associated with a remortgage, this will be at the customer’s own cost. The customer will be advised of the cost of
additional work before any work is carried out.
Alternatively the customer can receive £250 cashback at completion as a contribution towards legal costs.
Remortgage Cashback (Available to all customers remortgaging their Buy to Let property where the product offers Remortgage Cashback)
 Free standard valuation - all customers will receive a free standard valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we
may need to arrange a full inspection. In these cases, the valuer will contact the customer directly.
 £250 cashback - all customers will also receive £250 cashback at completion, as a contribution towards legal costs.
Homebuyer Solution (Available to all customers purchasing a new residential property where the product offers Homebuyer Solution)
 Free standard valuation - all customers will receive a free valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we may need to
arrange a full inspection. In these cases, the valuer will contact the customer directly.
 £250 cashback - all customers will also receive £250 cashback at completion, as a contribution towards legal costs.
Homebuyer Free Valuation (Available to all customers purchasing a new residential or Buy to Let property where the product offers Homebuyer Free Valuation)
 Free standard valuation - all customers will receive a free standard valuation for mortgage purposes (up to a property value of £2.5 million). In certain circumstances we
may need to arrange a full inspection. In these cases, the valuer will contact the customer directly.
Benefit packages ERC - Should the customer redeem their mortgage on or before 2 February 2017 the cashback or standard legal work benefit must be repaid (£250 cash
back or a maximum of £200 for residential remortgage legal work). The repayment of the benefit received will be in addition to any product early repayment charge applicable.
Santander for Intermediaries is a brand and is not a regulated company. We offer information and access to the products and services provided by Santander UK plc under the brand names of Abbey, Alliance &
Leicester and Santander. Registered office of Santander UK plc is 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Santander UK plc
Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Financial Services Register number is 106054. Abbey, Alliance & Leicester, Santander and the flame logo are registered trademarks.
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