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Huge mortgage changes announced by Barclays, HSBC and Santander - and it's good news for homeowners
07 Feb 2025 12:21 GMT
… reductions for those with tracker mortgages. Standard variable rate (SVR … on its tracker and SVR mortgages from March 1, 2025 … has trimmed its tracker mortgages by 0.25 percentage … decision. Santander For Santander customers with a tracker or SVR mortgage, …
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Santander faces uncertainty over motor finance fuling
07 Feb 2025 11:18 GMT
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Alongside the legal uncertainty, Santander UK reported a sharp decline … the lender faces stiff mortgage competition and falling interest … decline.
Despite UK weakness, Santander reported a group-wide … by lower costs and reduced loan loss provisions.
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Five banks introduce new mortgage rules - from Barclays to Santander and Nationwide
07 Feb 2025 10:52 GMT
… which was announced for UK households on February 6. Lenders … , Barclays has launched new residential products, including a 5. … 2025. Rates on tracker mortgages held by existing Nationwide … 4.50%. All existing Santander tracker mortgage products linked to the …
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Santander making change to savings accounts and 'will contact customers'
07 Feb 2025 07:21 GMT
Santander has updated its mortgage and base rate linked … base rate. Santander has announced changes to its mortgage and base … 4.50%. All existing Santander tracker mortgage products linked to the … March 2025. This includes the Santander Follow-on Rate (FoR) …
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Santander issues warning to millions of customers living in 'new build homes'
07 Feb 2025 07:21 GMT
… . David Morris, Head of Homes at Santander, commented: “The growing appeal … getting a foot on the property ladder, buyers want a … increased availability of high-LTV mortgage options to ease deposit … are about more than just houses—they’re about creating …
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Santander announces 'three' new rules including 24-hour requirement
07 Feb 2025 07:21 GMT
… to mortgages - as it makes a pledge to brokers. Santander for … ." David Morris, Head of Homes at Santander UK, said: “Our ambition … : “Santander’s pledge clearly demonstrates they understand the needs of mortgage advisers …
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Experts explain how lower interest rate will affect mortgages, loans and savings
06 Feb 2025 18:10 GMT
… best bet.” People with mortgages are the most likely to … “We’ve already seen Santander announce it’s passing on … People looking to purchase property also have an optimistic … homebuyers, and some lenders have already priced this change into their mortgage …
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Mortgage relief for millions as rate cut could see payments fall by hundreds of pounds a year
07 Feb 2025 00:45 GMT
… crippling mortgage costs since 2022 that have squeezed household budgets. … hours after the cut, Santander announced it will pass … two-year fixed rate residential mortgage yesterday sat at 5 … most Buy to Let mortgages. Your home or property may be repossessed …
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Santander and Virgin Money drop mortgage rates
06 Feb 2025 20:52 GMT
Virgin Money’s standard variable rate will drop from 7.74% to 7.49%, while its buy-to-let variable rate will decrease from 8.24% to 7.99%. Its tracker rates, reflecting the base rate adjustment, will take effect from February 7.
Clydesdale Bank will lower …
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Santander makes broker pledge amid future speculation
06 Feb 2025 20:52 GMT
… commitment to the UK mortgage market and dismissing speculation … ’s notice before withdrawing mortgage products, allowing time to … product transfer process – Santander plans to improve clarity around … David Morris, head of homes at Santander UK. “We take the …