Santander UK has today made reductions to selected fixed rates across its residential purchase and remortgage range by up to 0.23%. In addition, the lender has introduced cashback of £250 on all residential mortgages at 85% LTV and above.
Santander also reduced rates on its New Build Exclusive, Green Remortgage and Buy-to-Let range by up to 0.16%.
The full list of new rates, which includes two, three and five-year fixed rate purchase and remortgage residential mortgages, two and five-year Green Remortgages and five-year BTL purchase and remortgages, alongside BTL Green Remortgages, can be found online here.
Examples of purchase and remortgage rates that have been reduced include:
Purchase
60% LTV two-year fixed rate at 4.21% with a £999 fee – rate decreased by 0.11%
85% LTV two-year fixed rate at 4.69% with a £999 fee – rate decreased by 0.07% and £250 cashback added
95% LTV five-year fixed rate at 5.29% with a £0 fee - rate decreased by 0.12% aNd £250 cashback added
Remortgage
60% LTV three-year fixed rate at 4.26% with a £999 fee – rate decreased by 0.05%
75% LTV five-year fixed rate at 4.30% with a £999 fee – rate decreased by 0.23%
90% LTV five-year fixed rate at 5.21% with a £0 fee – rate decreased by 0.10%
Examples of New Build Exclusive fixed rates that have been reduced include:
60% LTV three-year fixed rate at 4.17% with a £999 fee New Build purchase – rate decreased by 0.13%
85% LTV three-year fixed rate at 5.00% with a £0 fee New Build purchase – rate decreased by 0.03% and £250 cashback added
95% LTV three-year fixed rate at 5.66% with a £0 fee New Build purchase - rate decreased by 0.05% and £250 cashback added
Examples of Green Remortgage rates available on two and five-year products, for properties with an A or B EPC rating include:
60% LTV five-year fixed rate at 4.07% with a £999 fee green remortgage – rate decreased by 0.12%
75% LTV two-year fixed at 4.36% with a £1749 fee green remortgage – rate decreased by 0.10%
75% LTV five-year fixed rate at 4.26% with a £999 fee green remortgage – rate decreased by 0.17%
Examples of Buy-to-Let reductions available on five-year fixed rate products include:
75% LTV five-year fixed rate at 4.40% with a £1749 fee remortgage – rate decreased by 0.14%
75% LTV five-year fixed rate at 4.67% with a £0 fee purchase – rate decreased by 0.08%
Examples of Buy-to-Let Green Remortgage reductions available on two and five-year fixed rate products include:
75% LTV 2-year fixed at 4.36% with a £1749 fee green remortgage – rate decreased by 0.10%
60% LTV 5-year fixed at 4.13% with a £1749 fee remortgage – rate decreased by 0.08%
75% LTV 5-year fixed rate at 4.57% with a £0 fee remortgage – rate decreased by 0.16%
Graham Sellar, Head of Santander for Intermediaries at Santander, said: “It’s the time of year where everyone is on the hunt for the opportunity to make their money go that little bit further. We’re pleased to deliver this bumper range of rate cuts across more than 70 products, alongside adding cashback for those looking at higher LTVs; helping more customers manage their borrowing for less and improving affordability for those hoping to secure a home ahead of the April Stamp Duty changes.”
More information on Santander mortgages can be found on our website.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2024, the bank had around 19,600 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide 444 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM, STD US, BNC.LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Banco Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Banco Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.