Santander for intermediaries has cut selected residential and buy to let fixed rates across its new business and product transfer ranges by up to 32 basis points.
The bank’s broker-only unit says its reductions cover:
New business
Product transfers
The lender says that new business and product transfer completion deadlines will roll on by one month.
It tells brokers that clients who have not accepted a product transfer offer, means that brokers can select a new product in the online mortgage transfer service for them and a new offer will be issued.
It adds that If clients have accepted a new deal, brokers can change to a different deal, or cancel the one that has been booked. Brokers must do this at least 14 days before their client’s new deal starts.
