Santander Flexible Mortgage

[bednobs]

has anyone got one? Do you know when the rate is likley to go down given the recent lowering of the base rate? I can't find my paperwok at the moment.
on the website it's giving me my expected payments for the next six months, but those show no decrease. do they have a lower limit on rate, or is there a certain time before it comes through?

[Buenchico]

http://www.santander.co.uk/uk/mortgages/bank-of-england-base-rate

[bednobs]

thanks. Our payment goes out on 1st of ech month, and was the same what do you think they mean by "beginning of september"

[Buenchico]

I've just found the answer to your question by accident! As I, like you, would have assumed that 'the beginning of September' meant 'from the 1st of the month', all I was able to suggest was that you phone Santander for clarification.

However, while seeking the correct contact number, I've just stumbled upon this:
"From 3rd September 2016 our SVR for Santander mortgage customers is 4.49%"
http://www.santander.co.uk/uk/help-support/faqs

[bednobs]

bas-tards!

[bednobs]

ps i wish i could give you TWO best answers