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Ask Jo C. Your Own Question
Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 32177
Experience:  Over 5 years in practice
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I have a particular mortgage with Santander - a product that

Customer Question

I have a particular mortgage with Santander - a product that they no longer offer. They have declined to lend me more money on the grounds of affordability. Therefore I am looking at a 2nd charge (secured) loan from a third party who have agreed in principal.Santander have stated to allow a 2nd charge mortgage I would have to switch to another of their mortgage products. I am reluctant to do so because of the rate I am on now it would automatically cost me more in monthly payments on my existing mortgage.My question is can Santander stipulate that I need to change products? For reference I have never missed any payments in the 8 or so years I have been with them.Best regards.
Submitted: 1 year ago.
Category: Law
Expert:  Nicola-mod replied 1 year ago.
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Customer: replied 1 year ago.
Hi Nicola,
Please continue.
Expert:  Ash replied 1 year ago.

Hello my name is ***** ***** I will help you with this.

Do their terms and conditions say that they will only allow a second charge in certain circumstances please?

Customer: replied 1 year ago.
Hello Ash,
I will check the paperwork when I return home (early this week) and revert back accordingly.
Thanks, Mike.
Expert:  Ash replied 1 year ago.


Customer: replied 1 year ago.
Hi Ash,
To keep you updated - I have contacted Santander who will be sending me out a copy of the original T&Cs from Abbey who I took the mortgage out with before Santander acquired them. It is likely to take around a week - I will contact you again then. Thank you for your patience on this.
Kind regards,
Expert:  Ash replied 1 year ago.

Sure Mike

Customer: replied 1 year ago.
Hi Ash,
Please be advised that I no longer require an answer on this - thank you for your assistance to date.
Best regards,