Best Santander mortgage deals
Whether you're an existing customer or a first-time buyer, compare the best mortgage interest rates from Santander with our comparison tool below. To see what rate you could be offered, create a free Tembo plan.
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What type of mortgages does Santander offer?
Santander offers a wide range of mortgage products, including fixed-rate and tracker mortgages for first-time buyers, home movers, remortgagers and buy-to-let customers. They also offer some niche products including family offset mortgages, 95% mortgages for first-time buyers with smaller deposits, and shared ownership.
As with any provider, whether Santander is the best mortgage lender for you depends on your affordability and unique circumstances, what mortgage products you're eligible for, and what the market is currently like. An expert mortgage broker like Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
How much could I borrow from Santander?
Like most mortgage lenders, Santander offers a range of mortgage products with different eligibility criteria. How much you could borrow for a mortgage depends on which products you're eligible for, your household income and deposit, and other factors like your credit score, employment type, and outgoings. But typically you can borrow between 4-4.5 times your income, although some applicants may be able to borrow more than this.
By creating a free Tembo plan, you can see what you could be offered for a mortgage by Santander and other providers without applying.
Can I make overpayments on a Santander mortgage?
If you currently have a Santander mortgage and you're on a fixed-rate product, you can only overpay by up to 10% of your outstanding loan balance each year. So for example, if you have an outstanding mortgage balance of £180,000, this would mean you can overpay by a maximum of £18,000 without being hit by an Early Repayment Charge (ERC). Anything above this 10% threshold, you will have to pay an ERC on.
But for any of their follow-on rate, standard variable rate or tracker rate mortgages, you can make unlimited overpayments without incurring an ERC.
Santander is the first-choice mortgage lender for many customers as one of the UK's largest providers. They have a reputation for good customer service and offer more niche products for customers who may need something a little different. But it's always worth considering other lenders and getting expert advice before making a decision.
Ruth Russell
Mortgage Advisor at Tembo
Are Santander a good lender?
Santander is one of the go-to providers as the third largest UK mortgage lender, holding an 11.3% market share. While their mortgage rates tend to be similar to other lenders, they offer deals across a range of LTV (loan to value) brackets including up to 95% for first-time buyers and home movers, and up to 90% LTV if you're remortgaging. They were given a 71% customer score by Which? in 2023, which is higher than average. While on Trustpilot they are rated 1.4 out of 5 from over 8,000 reviews which is comparable to the other large lenders like NatWest and Nationwide.
Unlike lenders like HSBC, Santander also offers more niche products for customers who may have affordability hurdles or a complicated situation which prevents them using a standard mortgage. This includes family-supported mortgages, gifted deposits and shared ownership mortgages.
Does Santander offer guarantor mortgages?
Santander does offer guarantor mortgages, including schemes like family offset mortgages. Whether their products are right for you and your family depends on your unique affordability, as well as what mortgage products you qualify for. Working with a mortgage broker who specialises in family-supported mortgages can help you navigate lenders' different eligibility criteria and find the best deal for you from across the market.
Looking for a new mortgage?
First home
Unsure which mortgage deal to go for? Buying your first home can be confusing and overwhelming. Get help from the experts.
Remortgage
Coming to the end of your current deal? Remortgage onto a new one with our help. We'll show you whether you should stay with the same lender, or switch.
Moving home
Upsizing to your forever home? Or maybe you're downsizing to something more manageable. Whatever your reason for moving, we can help you find the best deal for you.
Buy to Let
Thinking of becoming a landlord? We can help you discover the best buy to let mortgage deal for you and how you could boost your mortgage affordability.
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The application process
4 simple steps to buying your first home or remortgaging
Make a Tembo plan
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Apply for your new deal
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.
