If, due to the effects of the coronavirus, you are struggling to make payments for a santander mortgage, please check santander`s coronavirus advice site If you are not using your full 10% allowance, you cannot transfer it in the coming years. If you pay off your mortgage (pay off everything you owe) or if you change stores where you will have to pay a prepayment fee, you cannot use the 10% allowance. If you want to overpay more than 10% of your fixed-rate mortgage in a calendar year, you can find out in your initial mortgage offer, annual mortgage account or online banking what your prepayment indemnity will be. Any unpaid interest will be added to the loan, which will increase the amount you owe. Santander does not offer lifetime mortgages, but we have partnered with Legal & General to offer their lifetime mortgage. Learn more about lifetime mortgages with Legal &GeneralOr Call us to discuss legal and general lifetime mortgages0800 012 1583 (option 3) Want advice on which mortgages are right for you What are the closing costs? Closing costs are the costs related to the mortgage….