Eligible product transfer clients could benefit from a lower rate sooner with no ERC
We’re not all words and no action here at Santander. That’s why we’re delivering on our pledge to improve our product transfer process for you and your clients.
Have you heard?
Not only could your product transfer clients benefit from a lower rate sooner, but we’ll also waive any ERC.
Plus, as our fixed rates have a product end date (rather than a fixed term from completion) your client could benefit from lower payments sooner and be on the fixed rate for longer, if they switch straightaway.
How can your clients take advantage of lower payments sooner?
If your client’s new rate is lower than their current rate, they’ll get to choose if they want the new deal to start straightaway (the date they accept their offer) or wait until the day after their current deal ends.
If they want to start their new deal straightaway, they can select Today on the accept mortgage offer screen:
Important information
- If your client chooses to start their new deal straightaway, they won’t be able to change or cancel it. There’s no cooling off period.
- Only eligible clients can choose to start their deal straightaway. If they’re not eligible, they don’t get to choose.
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