Company Overview
Santander UK is a major British bank and subsidiary of the Spanish banking group Banco Santander. With a strong presence in the UK mortgage market, Santander UK serves over 14 million customers with a comprehensive range of financial products and services, backed by global expertise and local market knowledge.
Key Highlights
- Founded in 2010 following acquisition and rebranding of UK operations
- Part of Banco Santander, one of the world's largest banks
- Serves over 14 million customers across the UK
- Top 5 UK mortgage lender with significant market share
- Strong focus on digital innovation and customer experience
Global Expertise, Local Focus
Santander UK combines the strength and stability of a global banking group with deep understanding of the UK market, offering competitive products and innovative solutions tailored to British customers.
Mortgage Products
Residential Mortgages
- Fixed-rate mortgages (2, 3, 5, and 10-year terms)
- Tracker mortgages following Bank of England base rate
- First-time buyer mortgages with low deposit options
- Help to Buy equity loan mortgages
- Shared ownership mortgages
- Remortgage products with cashback offers
- Green mortgages for energy-efficient properties
Buy-to-Let Products
- Standard buy-to-let mortgages
- Portfolio landlord mortgages
- Limited company buy-to-let
- Holiday let mortgages
- HMO (House in Multiple Occupation) lending
Competitive Rates
Market-leading rates across all product categories
Cashback Offers
Up to £1,000 cashback on selected mortgages
International
Global expertise for international clients
Digital Banking
Award-winning mobile app and online services
Key Features & Benefits
Unique Selling Points
- Global banking group with strong financial backing
- Comprehensive range of competitive mortgage products
- Strong digital banking platform with innovative features
- Cashback offers and fee-free options
- International expertise for overseas clients
- Award-winning customer service and support
Mortgage Features
- Competitive interest rates across all product ranges
- Flexible overpayment facilities up to 10% annually
- Payment holidays available (subject to criteria)
- Porting options for moving home
- Cashback incentives on selected products
- Green mortgage discounts for energy-efficient properties
Advantages
- Strong global banking group backing
- Competitive rates and cashback offers
- Excellent digital banking platform
- Comprehensive product range
- International client expertise
- Award-winning customer service
Considerations
- International bank may have different priorities
- Arrangement fees on some products
- May not suit all specialist circumstances
- Limited specialist lending products
- Processing times can vary
Lending Criteria
Eligibility Requirements
- Age: 18-70 years at application, maximum age 75 at end of term
- Income: Minimum £15,000 per annum for residential mortgages
- Employment: Employed, self-employed, or retired with proof of income
- Residency: UK residents with at least 3 years UK address history
- Deposit: Minimum 5% for residential, 25% for buy-to-let
Assessment Criteria
- Maximum loan-to-income ratio of 4.5 times annual income
- Comprehensive affordability assessment including all expenditure
- Credit score and history evaluation
- Stress testing at current rate plus 3% buffer
- Property valuation and location assessment
- Consideration of existing financial commitments