Specialist support to help you Page 1 of 6 We recently launched a dedicated team of New Build specialists to help keep your cases moving. Manage pipeline cases that cannot be dealt with through your usual dedicated sales contact. Escalate and take ownership of any urgent cases. Deal with any complex new business enquiries Contact our New Build specialists ( 0845 600 3252 * newbuild.team@santander.co.uk
Mortgage Range for New Builds Page 2 of 6 Product Range We have a number of product options available and your clients can choose from either our: Exclusive New Build range with extended completion deadline dates, or our standard new business range Maximum Loan to Value House 85% Flat 80% Available up to 85% LTV, these products offer Competitive rates Free standard valuation up to a property value of 2.5million issued on the day the application is set up on MATs Extended completion deadline of 9 months (Offer still valid for 6 months) *these exclusives are not available to customers using the Help to Buy Scheme.
Buy to Let mortgages made simple Page 3 of 6 Key highlights Property criteria 1 Affordability: The rent needs to cover both 125% @ 5% AND also Mortgage @ 5% + costs 2 Our BTL calculator quickly lets you know if the case is self-financing 3 Free standard valuation (up to 2.5m property valuation instructed immediately on case set up) Applicant criteria Simple steps to submit and track BTL business 1 Introducer Internet answer all AIP/FMA questions fully and provide extra detail for Underwriters in the Notes 2 MATS makes it easy to track case progress and allows you to quickly respond to any additional queries 3 Check service levels on our website.
Remortgage deals worth talking about. Page 4 of 6 A reminder of some of the benefits to you client if they remortgaged to a fixed rate now are: Stability Overpayments Peace of Mind Fixed monthly payments meaning any pay increase your clients receive over the course of the fixed rate may lead to greater disposable income Ability to overpay 10% per calendar year without incurring an early repayment charge. from knowing their monthly mortgage cost in a period of great uncertainty in the economy If your clients have an existing Santander personal current account, we offer preferential mortgage deals to eligible clients. must have been open for at least 30 days at the time of the mortgage application and complete the mortgage Direct Debit mandate with the Santander current account details and be named on the mortgage Key highlights 1. A range of Fixed and tracker mortgages up to 85% LTV 2. Standard mortgages available up to 1.5m 3. Large loans considered up to 3m (max 70% LTV) 4. Flat fee and no booking fee options 5. Remortgage Solution available on the majority of products: A Free standard valuation 1 Standard legal work 2 Plus did you know? If your client would like to use their own solicitor they can opt for 250 cashback as an alternative to the standard legal work. For further information please visit www.santanderforintermediaries.co.uk or call your dedicated sales contact. 1 Available up to a property value of 2.5m 2 Maximum 200 benefit ERC repayable if mortgage is redeemed within the first 2 years For full details visit our Loyalty mortgage range available on our website.
Payslip deductions Page 5 of 6 Payslip deductions where the applicant confirms the deduction is discretionary may be excluded from our affordability assessment, subject to confirmation in the Introducer Internet general notes Discretionary Deductions - details and what you need to do Confirmation required in Introducer Internet general notes where deductions excluded in the affordability assessment: The applicant has confirmed that the payment is discretionary, and The applicant has confirmed that payments would be reduced or cancelled if required to meet future mortgage payments; and How the payment has been excluded in the affordability assessment. Example note: Applicant has confirmed their monthly deduction of 100 towards Sharesave is discretionary and would be cancelled in the future if required to meet other outgoings. Their net income for affordability is 2,500". Examples of discretionary payslip deductions include: Additional voluntary pension contributions (must show as a separate entry on the applicant s payslip) Sharesave Employee share schemes Give as You Earn Private healthcare Mobile telephones. Payslip deductions that cannot be excluded Non-discretionary deductions, e.g. Student loans, Season ticket loans, Childcare vouchers, cannot be excluded from the affordability assessment. We do not accept applications where the customer advises they will cancel a company pension scheme to support affordability.
Page 6 of 6 New Introducer Internet questions for Interest only applications Santander remain committed to offering Interest Only mortgages. The introduction of these questions demonstrates that we take seriously our responsibility to ensure customers have suitable plans in place to repay their mortgage at the end of the term. What's changed? Updated the questions about the customer s future plans where any loan part is on Sale of Mortgaged Property The Sale of Mortgaged Property Customer Declaration can now be accessed within the Introducer Internet FMA This must be completed and signed by all applicants. The signed Declaration must be uploaded via MATS. The FMA will not progress until we receive the Customer Declaration. PLEASE NOTE: You must fully complete the FMA Repayment Vehicle fields within Introducer Internet and Retain evidence on file (including the Customer Declaration). We will continue to undertake regular plausibility checks in respect of the repayment strategy and may request further information or evidence. Support available to you Our Interest only guide explains how to input these applications in to Introducer Internet. Speak to your dedicated sales contact for help with any questions These changes do not affect residential Interest Only applications where the repayment vehicle is endowment or managed investments, or Buy to Let applications.