This week’s announcement by Santander to roll out mortgage retention business to intermediaries is one of the greatest demonstrations of the Brands commitment to its business partners. For years intermediaries have been requesting the facility to constantly be told that there were no plans in place. The surprise turnaround is extremely welcome and will, I am sure, encourage intermediaries to place more business with Santander going forward. With Barclays Woolwich, Halifax, Virgin and now Santander taking the steps to improve the lender/intermediary business relationship by adding in this valuable option other big players like NatWest and Nationwide must surely now reconsider their business plans.
More than ever, the fact that independent intermediaries can give advice and make recommendations on current lenders and the rest of the market ensures that clients receive the most suitable products and schemes suited to their own particular circumstances.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it