Santander will permit dealer’s shoppers to choose product transfer start dates after they settle for a product that’s decrease than the earlier mortgage from Friday.
The excessive avenue lender says for decrease fixed-rate or short-term tracker loans, “the shopper will get to choose if they need the brand new deal to start straightaway — the date they settle for their supply — or wait till the day after their present deal ends”.
For fixed-rate or short-term tracker offers which can be the identical or larger, prospects can transfer to their new product the day after their present deal ends.
And for traditional variable price, follow-on price or lifetime tracker merchandise – which can be the identical, decrease or larger – prospects can transfer to their new mortgage on the date they settle for their supply.
The lender provides that for product transfer affords issued earlier than 4 July however haven’t been accepted but, shoppers will get the choice to start their new deal straightaway if it’s decrease than their present one.
