We'll never call you to tell you to move your money
Fraudsters may impersonate your bank and claim there are issues with payments or suggest moving money to another account. Hang up and call your bank using a verified number.
Never share One Time Passwords with anyone
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Is that really the bank calling?
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This table summarises the main features of our Non Resident UK Mortgage product, as well as the security requirements for the loan, and the criteria we will apply in assessing your credit worthiness.
| Non Resident UK Mortgage | ||||
| Property location | England and Wales | |||
| Property usage | Property to be held for investment purposes – occupation or intention to occupy by borrower or family is strictly prohibited where the property owned in personal name(s) If the property owned by a corporate entity, the beneficial owner(s) and their family members are able to occupy the property either occasionally or permanently during the life of the loan |
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| Loan purpose |
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| Loan amount | Minimum: £500,000 | |||
| Loan term | Minimum: 5 years Maximum: up to 25 years |
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| Maximum Loan to Value (LTV) | LTV will be dependent on type, location and quality of the property. The following LTVs are for guidance only and are subject to a 10% reduction for new build properties | |||
| Property value < £5 million 75% |
Property value £5 million – £7.49 million 70% |
Property value £7.5 million – £10.99 million 65% |
Property value > £11 million 50% |
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| Repayment basis | Interest only | |||
| Indicative pricing | % over Bank of England Base Rate Pricing is subject to individual approval and depends on loan size and LTV. Details of our current rates are available on our website. |
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| Arrangement fee | 1% of total loan amount | |||
| Repayment fees | Overpayments or full early repayments are permitted and are not subject to early repayment charges | |||
| Other costs | Refer to our Non Resident UK Mortgage Charges on our website. | |||
| Security requirements |
Primary: First and only legal charge over the property
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| Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA) | Where the property is owned by a corporate entity, the Borrower(s), as a condition precedent to the completion of the relevant facility, will be required to demonstrate full compliance with the obligations established under the ECTEA, including evidence of all necessary registrations on the Overseas Entities Register | |||
| Affordability assessment | Affordability is based initially on validated personal income and not solely rental income coverage. Net worth will also be considered and must be greater than the aggregate of the total loans extended plus 24 months debt servicing costs. Net worth can be based on a self-declaration but subject to verification | |||
| Debt servicing assessment | The credit underwriting in relation to debt servicing by the borrower will consider not just the rental income (if any) from the secured property but also the wider income/wealth of the borrower or in the case of corporate ownership, the beneficial owner(s). An appropriate income to debt servicing multiple in keeping with our risk appetite will be required to be maintained during the life of the loan | |||
Santander International is the trading name of Santander Financial Services plc, Jersey Branch and Santander Financial Services plc, Isle of Man Branch.
Santander Financial Services plc is incorporated in England and Wales with number 2338548 and its registered office is 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Santander Financial Services plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Santander Financial Services plc’s Financial Services Register number is 146003. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander Financial Services plc, Jersey Branch has its principal place of business at 13-15 Charing Cross, St Helier, Jersey JE2 3RP, Channel Islands and is regulated by the Jersey Financial Services Commission. Santander Financial Services plc, Isle of Man Branch has its principal place of business at 19 - 21 Prospect Hill, Douglas, Isle of Man, IM1 1ET and is regulated by the Isle of Man Financial Services Authority. www.santanderinternational.co.uk
All accounts opened with Santander Financial Services plc, Jersey Branch have situs in Jersey and therefore are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000 or by the Isle of Man Depositors’ Compensation Scheme. Santander Financial Services plc, Jersey Branch is a participant in the Jersey Bank Depositors Compensation Scheme (the Scheme). The Scheme aims to provide protection for eligible depositors of up to £50,000. For further information about the Scheme and to understand your eligibility, please refer to www.jrdca.org.je/jdcs.
All accounts opened with Santander Financial Services plc, Isle of Man Branch have situs in the Isle of Man and therefore eligible deposits are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Isle of Man Depositors’ Compensation Scheme Regulations 2010 and not covered by the UK Financial Services Compensation Scheme or by the Jersey Bank Depositors Compensation Scheme. Full details of the Scheme and banking groups covered are available at the Isle of Man regulator’s website, www.iomfsa.im/consumers, or on request.
Santander and the flame logo are registered trademarks. The latest audited accounts are available upon request. Calls to Santander International are recorded and may be monitored for security and training purposes.