Which? uses cookies to improve our sites and by continuing you agree to our cookies policy

Santander Fixed 1.89% until 02/08/2023

Santander Fixed 1.89% until 02/08/2023

? customer score 64%

Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes Yes 1.89% 3.75% 60.0%

Assumed borrowing of £125,000 over 25 years, representative 3.2% APRC. Total amount payable: £180,874.33. Includes interest of £54,875.33, Valuation fee of £0, Booking fee of £0 and Administration fee of £999. Repayments: 61 monthly repayments of £523.15 at 1.89% (fixed), then 239 monthly repayments of £619.09 at 3.75% (variable).

Santander customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score



We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Maximum age 75
Minimum age 18
Location Any
Restricted location note N/A
Existing customer note N/A
Eligibility notes N/A

Mortgage product details

Mortgage types Purchase, First time buyer
Deal type Fixed
Tracker type N/A
Payment options Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note Overpay up to 10% each calendar year (January to December) on the fixed rate loan amount with no early repayment charge
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage Yes

Product fees

Arrangement fee £999
Arrangement fee can be added to loan No
Booking fee £0
Telegraphic transfer fee £35
Insurance fee £0
Other fees £0

Rate information

Minimum borrowing amount £6,000
Maximum borrowing amount £1,000,000
Minimum term (years) 5
Maximum term (years) 35
Initial deal end date 02.08.23
Initial deal length (months) 60
APRC 3.16%
Initial rate 1.89%
Revert-to rate 3.75%
Maximum LTV 60.0%

Other charges

Exit fees £225
Valuation admin fee £0
Valuation fee From £185 for property value above £50,000
Early repayment note 5% until end of fixed period

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £1,190
Cash back amount £0
Further notes about benefits N/A

Remortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Free