This now means that all Santander tracker mortgages, including the Flexible Offset and Lifetime Tracker products, are ERC-free.
No Early Repayment Charge offers customers the freedom to pay off their mortgage early, or have the freedom to switch to another mortgage product more suited to their needs.
The ERC-free tracker products are the latest addition to Santander's mortgage range. The range includes products with a choice of features including no booking fees, no ERC, overpayment options and cash-back giving customers the freedom to choose the right mortgage to meet their needs.
Phil Cliff, Director of Santander Mortgages, said:
"As one of the UK's leading lenders, we want to give our customers the freedom to choose a mortgage that has features to meet their needs now and in the future. Extending our ERC-free proposition to our 2 year tracker range reinforces our new ERC-free product range, giving customers the flexibility to switch to another mortgage product more suited to their needs, when the time is right for them. And in addition to a great mortgage rate, all 1|2|3 Current Account customers also benefit from 1% cashback on their Santander direct debit mortgage payments too - whatever Santander mortgage they have.
"Santander wants to be the lender of choice for UK homebuyers. By offering a range of flexible, value-for-money products suited to individual customers' changing needs we can support homebuyers with one of life's biggest expenses, helping them get the mortgage product that's right for them."
