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    The timing of your home remortgage is really important. If you leave it too late it could end up being very expensive as you would fall onto Santander’s standard variable rate. The average time for a Santander remortgage is 8 weeks.

    Santander remortgaging

    So your Santander remortgage is due and you are thinking of staying with Santander.

    • Will you need to visit a Santander branch?
    • Do you need to phone Santander to get the mortgage underway?
    • Will you need to fill in any forms?
    • Do you still fit the Santander lending criteria?
    • Will Santander charge you a product fee?
    • What is a Santander Product Transfer?

    So you want to know how to remortgage with Santander. You need to either call the Santander mortgage service centre or alternatively get a mortgage broker to submit your mortgage on your behalf.

    Your existing fixed rate is coming to an end and you may be thinking of remortgaging with Santander. In this guide, we will tell you the fastest and easiest way to get your new mortgage deal underway with Santander however we will also give you a couple of other options that may save you a considerable amount of money.

    Remortgage at the right time to avoid fees

    Remortgaging at the right time is very important as you will want to avoid unnecessary fees or high rates. If you decide to switch mortgage products early, you may have to pay a Santander early repayment charge (ERC). However, if you leave it too late, you will be moved onto the Santander standard variable rate (SVR) at the end of your mortgage term. The SVR is always a much higher rate than any fixed deal and your monthly payments will be much higher.

    It always makes sense to get some expert mortgage advice and start your remortgage journey 3 months – 5 months before your existing Santander mortgage deal is up. Doing this means that you should be able to move onto your chosen new mortgage deal just as your current fixed rate comes to an end.

    Santander Early Repayment Charges

    Below is a table which lists the early repayment charge amounts for Santander over the fixed term.

    In addition to the below ERCs, if any cashback was provided as part of the mortgage products benefits package this would also need to be repaid.

    Fixed Rate Deal Period - (Santander Early Repayment Charges)
    2 year fixed 2.5 year fixed 5 year fixed
    Year 1 2% 2% 5%
    Year 2 1% 1% 5%
    Year 3 3%
    Year 4 3%
    Year 5 1%

    This information is correct and true as of the 5th of December 2022. These charges are applicable on new mortgages with the lender and could be different for existing/historical mortgages. 

    It has been our observation that with the recent interest rate increases, sometimes it can make financial sense to pay the early repayment charge. In situations where it makes sense to pay the ERC, it is usually to grab a great fixed rate before it rises further. Sometimes the ERC will cost you less than waiting and end up with a rate that is higher and costs more in the long run. – Grant Humphries (Mortgage Adviser)

    Your Santander Remortgage

    If your existing mortgage is already with Santander did you know that you do not need to stay with them to get your next fixed or tracker rate mortgage?

    Your Santander remortgage renewal options

    Something to consider before you decide to stay with Santander…

    Did you there are over 100 different lenders in the UK to choose from? Those 100 different banks and building societies offer over 14,000 different mortgage rates between them!

    You would be mad to assume it is best to stay with your existing lender. The chances are you will lose thousands of pounds by staying and settling for a poor interest rate and deal.

    Question – What are the odds of Santander remortgage rates being the best on the market and best for you?

    Answer – 14,0000 to 1 (very unlikely!)

    We help you remortgage with Santandar or with a better lender

    Shop around to compare the whole mortgage market to get the best mortgage deal.

    Not sure if you can be bothered to shop around? That is understandable as you are probably thinking remortgaging away from Santander is a lot of hassle and hard work with lots of paperwork. What if there was someone that offered a remortgage service and did all the research and mortgage application for you? What if to top it all off we told you they did it all for free!?

    Mortgage Transfer Service

    It is possible to transfer your current mortgage from one property to another. This is called porting your mortgage and can be a viable option if it is not yet the right time to remortgage but you want to move home.

    A fee-free mortgage broker does it all for you

    Did you know that over 70% of mortgages in the UK are arranged by mortgage brokers?

    Over the years Santander mortgage customers have gotten bored hanging on the phone at Santander mortgage call centres to talk to someone to only be offered Santander mortgage rates. They no longer want to have to take half a day off work to travel to their local town and sit in front of a bank clerk for hour upon hour!

    Is it no surprise that the vast majority now use a mortgage broker to either arrange their Santander remortgage or carry out a mortgage transfer?

    How do I find a mortgage broker near me?

    To find financial services or a local broker we would suggest you ask your family and friends who they use and if they would recommend them.

    You could also use Google and search for something like fees-free independent mortgage broker or mortgage broker near me.

    The most important thing to look out for is to have a look at the brokers’ websites and more importantly their TrustPilot and Google reviews. You want the broker to have lots of great reviews, ideally, several hundred, and they should be mostly 5-star reviews from happy customers. This will confirm that they help lots of people with their mortgages and more importantly those customers are very happy with the service they are receiving.

    We help you remortgage with Santandar or with a better lender

    How come a fee-free mortgage broker doesn’t charge me?

    It’s quite simple, the brokers don’t have to charge as the mortgage lender pays them. With Banks and Building Societies shutting branches more and more, they have found it beneficial to pay mortgage brokers to process the mortgages on their behalf.

    A word of caution! Although all mortgage brokers get paid by the provider some charge you an additional fee anywhere between £500 and £1,000. But YesCanDo Money doesn’t!

    That’s why you need to make sure you search for – fees-free mortgage broker when you carry out a Google search. This way you will find a broker that does not charge for their services.

    What else can a mortgage broker do for me?

    Mortgage Brokers actually do quite a lot for you!

    The broker will have mortgage advisers sometimes called mortgage consultants that will be able to give you sound mortgage advice. They will ask if you are trying to raise extra funds to carry out home improvements or perhaps to repay credit cards or personal loans. YesCanDo prides itself on being an extremely helpful financial services company getting you the very best mortgage deals.

    Once the broker gains some information and then understands what you are wanting to achieve they will search the whole market to get you the very best interest rate and deal.

    Mortgage lenders including Santander charge a range of fees.

    • Valuation fee
    • Legal fee
    • Arrangement fee
    • Product fee

    The broker will use mortgage calculators to search for mortgage deals that have no charges or product fees to arrange a mortgage. Some even offer cashback incentives to gain you as a new customer; which we can show you.

    FACT – Getting a low-interest rate could save you tens of thousands of pounds over the term of the mortgage!

    Santander Remortgage

    The importance of expert mortgage advice

    It’s really important that you get good advice, Yes the broker will get you the very best rate on the market however they will also give you sound financial advice. Amongst other things, they will discuss.

    • How long do you want to fix for? 2 or 5 years fixed rate, or even 10 years.
    • Are you wanting to raise extra funds for home improvements?
    • Are you wanting to raise extra funds for debt consolidation?
    • Will you want to overpay or pay off a lump sum?
    • Do you want to reduce or extend the term to save money?
    • Are you likely to want to move home in the next few years?
    • Would it be beneficial for you to go onto the Bank of England Base rate?
    • Will your mortgage payments increase?
    • Is it better to pay a product fee to get a lower interest rate?
    • Is it better to choose a Fixed-rate or a Tracker rate?

    Because the broker is independent you will get good independent advice and information that is tailored to your very own situation and requirements.

    We help you remortgage with Santandar or with a better lender

    Summary of remortgaging with Santander

    So you have two choices.

    1. The first choice is to go with Santander for your new deal hoping that with over 14,000 mortgage rates available from over a hundred different banks and building societies your current mortgage lender will have the number one deal for you!!!
    2. Call YesCanDo Money – We can get you the best deal, save you money, give outstanding customer service and do it all for FREE!

    Who is YesCanDo Money?

    YesCanDo Money is the south of England’s largest NO-FEE independent mortgage broker with a large team of local advisers.

    They will search the whole mortgage market to find you the lowest mortgage rate and mortgage deal! It won’t cost you a penny as the mortgage lenders including Santander pay us as brokers to do this for you.

    YesCanDo will give you sound financial advice that is tailored to your very own unique situation. They will then submit your mortgage application and see your new mortgage through to the mortgage offer and then completion.

    We help you remortgage with Santandar or with a better lender

    Why our mortgage advisers are highly rated

    We strive to provide highly efficient modern customer service. At YesCanDo Money you will be assigned your very own mortgage advisor with who you will be able to communicate by phone, email, or WhatsApp. Your adviser will make research the whole mortgage market to get you the very best rate and will share this research with you.

    Once you are happy with the rate and monthly mortgage payments they will submit your mortgage application for you. If the mortgage lender requires any paperwork including banking accounts and your payslips they will sort this out for you.

    They will talk to your old and new mortgage lenders through the whole mortgage process. We always delegate you with a mortgage adviser to be on hand to answer any mortgage question and give you any information you require at any stage.


    It usually takes 2 months. However, there is definitely no harm in starting the re-mortgage process earlier than this. With the Bank of England base rate increasing rapidly over the last few months it makes sense to fix your mortgage as soon as you are allowed! With rates on the rise should you get a 2 or 5 year fixed mortgage? Our mortgage advisors will give you sound advice on which you should choose.

    You will need a solicitor, however, the good news is that it won’t cost you.

    When you bought your property you will have used the services of a solicitor or conveyancer. It is similar when you remortgage although there is a lot less the conveyancer will need to do as you already own the property. The conveyancer’s main job role is to use the money raised with your new mortgage lender to pay off your old lender. They will also bank transfer over any money you have raised for home improvements or debt consolidation.

    Are you thinking “Can I increase the term of my mortgage?”. It may be that you are finding your finances stretched. If so another consideration would be to extend the term of your Santander mortgage as this will reduce your monthly mortgage payments. Get advice from your mortgage adviser before you make this decision. You will save money possibly thousands of pounds in the short term, however, over the long term, this will cost you a lot as you will pay far more.

    All mortgage brokers are authorised and regulated by the Financial Conduct Authority. This is for your protection and to make sure that the service and rate you get is the right one for you.

    Roberts Financial Services’ trading name is YesCanDo Money which you find on the financial services register as they are authorised and regulated by the Financial Conduct Authority.

    Santander Banking, Triton Square, Regent’s Place, Central London United Kingdom are regulated by the Prudential Regulation Authority.

    Contact our FEE-FREE Mortgage Advisers

    Put the odds of mortgage approval in your favour with the help of a qualified and experienced mortgage broker.
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    Jane Rowe
    Jane Rowe

    Jane (CII) is an outstanding Mortgage & Protection Adviser at YesCanDo Money. Boasting decades of industry expertise and an overwhelming passion for client care, she excels at guiding her clients whether they're making their first steps onto the property ladder, moving homes or exploring buy-to-let opportunities. Jane stands out as a true professional by finding the best solutions and prioritising client financial security first and foremost.

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