How Competitive are Santander in their Mortgage Rates?
As a leading lender in the UK, Santander offers a wide-range of competitive mortgage rates. However, providing the exact rates are difficult as each mortgage will come with its own unique rates based upon your application and financial standing. For example, lenders will typically look at your loan-to-value (LTV) ratio, credit score, and financial history. In addition to this, mortgage rates will also be in a state of constant fluctuation based on the current market conditions.
To find the best mortgage rates for you, working with a trusted whole-of-market broker, like Boon Brokers, is the answer. Here at Boon brokers, we can help you navigate the multitude of mortgage products and their interest rates that are available today. We compare leading lenders like Santander with over 90 other lenders to help you find the mortgage that is right for you – completely fee-free.
How Much Can I Borrow with a Santander Mortgage?
Depending on your application, Santander will typically lend up to 5.5 your gross salary. This amount is subject to change based on a variety of factors, including your income, deposit size, and credit history.
To work out your loan-to-value (LTV) ratio and to assess your potential borrowing amount, our specialist mortgage advisors at Boon Brokers can help you through the mortgage application process. As a trusted whole-of-market broker, we can compare your borrowing potential with leading lenders, including Santander, to find you the best mortgage offer that suits your financial situation.
Does Santander Provide a Mortgage Decision in Principle?
Santander may offer you a Mortgage Decision in Principle – commonly known as a Mortgage Agreement in Principle (AIP) – before your full application. This figure will be based on a basic financial assessment of your income and expenses, and will include a soft credit check. The purpose of an AIP is to provide the borrower – you – with an idea of how much the lender is likely to be able to offer you and is not a guaranteed amount. As such, the amount may change pending further checks.
If you’re looking at securing an AIP before your application, Boon Brokers is here to help. We can assist you in obtaining an AIP quickly and efficiently, as well as comparing offers from other lenders to ensure you secure the best mortgage deal for you.
Should You Use a Mortgage Broker to Help You?
In short – yes. There are many advantages to using a trusted mortgage broker, from drawing on their deep knowledge and expertise, to being able to explore all the options available on the market today. At Boon Brokers, we are a whole-of-market fee-free broker, and so we can provide you with expert advice while comparing mortgage offers from over 90 UK lenders, including leading lenders like Santander, to secure the best mortgage deal for you.
