Santander International mortgages (A review)

In this brief guide, we are going to discuss Santander international mortgages.

Santander International mortgages

The Santander international arm offers banking and savings services to residents of ISle of man, residents of the Channel Island Uk expats and UK residents who may need international banking and other corporate solutions. 

These services are also provided to Channel Island and Isle of Man domiciled companies.

 Santander international mortgages are provided to residents of the Isle of man.

When looking to choose a type of Santander international mortgage there are various things you may want to consider.

Eligibility for a Santander international mortgage

Before applying for a Santander international mortgage you will need to ensure you meet the below requirements.

You will need to:

“Be at least 18 years of age and an Isle of Man resident, or moving to the Isle of Man.

Want the mortgage for a home in the Isle of Man.

Be intending to live in that home.

Have never had a home repossessed.

Have never been declared bankrupt or subject to an Individual Voluntary Arrangement (IVA).”

Meeting the eligibility requirements does not guarantee you will get a mortgage. The amount you may get on a mortgage will depend on your personal circumstances and ultimately your mortgage affordability.

This may include the type of property you want to borrow on ( e.g non-standard construction property may not be accepted) or maybe based on your circumstances you may be required to put down a larger mortgage deposit because the property is a new build or a flat.

Do you want a repayment or interest-only mortgage?

There are various types of mortgages out there, knowing the one you want will help you in your mortgage process.

Capital repayment mortgage

A repayment mortgage means you will repay your monthly mortgage balance as well as the interest charges on the mortgage as part of your monthly mortgage repayments. This means at the end of your mortgage term your mortgage balance would have been repaid in full if you haven’t missed any monthly mortgage repayments.

Interest-only mortgage

An interest-only mortgage means you will only pay the interest charged on the mortgage as part of your monthly mortgage repayments. You will then need to repay the capital borrowed at the end of the mortgage with your capital repayment vehicle which was agreed at the start of your interest-only mortgage.

Some mortgage lenders will restrict the capital repayment vehicles you can use but usually you will be able to use the below capital repayment vehicles.

The sale of a home

A linked endowment policy



The sale of the home

Remortgaging to a capital repayment mortgage

Using equity release

Regardless of the capital repayment vehicle which you use the mortgage lender will review your capital repayment vehicle at set intervals during the mortgage term.

You may also be able to get a part and part mortgage but Santander international mortgages don’t seem to offer this type of mortgage at the time of writing.

You will also have to decide if a fixed mortgage rate which offers you some level of peace and certainty is suitable for you or if you should get a variable rate mortgage which tracks the bank of England base rate.

If you are unsure which mortgage options may be suited to you then you could speak with a mortgage broker who may be able to advise you accordingly.

Santander international mortgage rates

You can find more information about mortgages rates on the Santander international mortgages here.

Santander international mortgages( the process)

The process of getting a mortgage with Santander international mortgages is relatively straightforward. We have defined it below.

To start the Santander international mortgages process you can walk into the Isle of Man branch or call Santander international mortgages and speak to a mortgage expert on +44(0)1624 641 888. 

They will either arrange an appointment for you to come into a branch or a telephone appointment with better-suited help if they can’t immediately help you on the phone.  Before going into your mortgage appointment there are some documents you may want to take along with you to ensure everything works out swiftly and smoothly. We have listed these documents below.

Once you have attended the mortgage appointment you will have discussed your mortgage needs and the mortgage expert will explain to you the range of Santander international products which may be suited to you. 

They will do this based on your mortgage affordability hence how much you can afford to repay each month on a mortgage. 

You may initially be required to complete a mortgage fact find where the mortgage expert will gather all the necessary information for you with the help of a form before making a mortgage product recommendation. This can be done verbally whilst the mortgage expert takes notes.

You will then decide on which mortgage you want to take out and they will go ahead and assist you in filling in the mortgage application.

You should know that the mortgage expert will not be able to provide you mortgage advice in which mortgage products are best suited for you, so if you are unsure then you should speak to a mortgage broker.

Once you have filled in a mortgage application they will then arrange for a property valuation to determine what your property is worth.

If everything comes out okay with your property valuation then a formal mortgage offer will be given to you. This means you now have mortgage approval and can complete on your chosen home. You will have a seven day ‘period of reflection’ to review the mortgage offer and check you still want to continue with it.

If everything is fine then you can complete on your home purchase with the help of your conveyancer(solicitor). If you are unsure of the conveyancing process you can see here.

You or your conveyancer can now arrange the exchange of contracts, pick up your keys and move into your new home.

If you’re remortgaging from another lender then Santander international mortgages will work with your conveyancer to transfer your existing mortgage over to them.

Once you have taken out a mortgage you will also be required to ensure your home is fully insured.

Documents you need  for a Santander international mortgages

Before making your application for a Santander international mortgage you will need the below documents to ensure the process runs smoothly.

The documents needed include:

“Your last three years’ address history, with no gaps.

Your last three months’ payslips or three years’ accounts.

Your last three months’ bank statements.

Full details of any loans or credit cards you have.

A detailed budget planner. This could save you time at your mortgage appointment.

Proof of your ID, such as your passport.

Proof of your current residential address, such as a utility bill or bank statement.”

How to contact Santander international mortgages

You can Call on +44(0)1624 641 888. The. Lines are open from 9am – 5pm UK time, Monday to Friday (except Wednesday when they open slightly later at 9.30am). Calls may be recorded or monitored.

You can also visit the branch at 19-21 Prospect Hill, Douglas, Isle of Man.

Or you can send an email to

In this brief guide, we discussed Santander international mortgages. If you have any questions or comments please let us know below.

If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.

You can also contact the debt charity “Step Change” if you are in debt and need help.