Santander UK has today made reductions of up to 0.36% to all standard residential fixed rates across its purchase, remortgage, green mortgage, new build and buy-to-let ranges, with rates now starting from 3.85%.
The full list of new rates can be found online here.
Examples of residential remortgage rates that have been reduced include:
60% LTV two-year fixed rate residential remortgage with a £999 product fee is now priced at 4.09%, down from 4.19%.
85% LTV two-year fixed rate residential remortgage with £999 product fee is now priced at 4.89%, down from 5.19%.
75% LTV three-year fixed rate residential remortgage with no product fee is now priced at 4.54%, down from 4.84%.
60% LTV five-year fixed rate residential remortgage with £999 product fee is now priced at 3.95%, down from 4.05%.
Examples of residential purchase rates that have been reduced include:
60% LTV two-year fixed rate residential purchase mortgage with £999 purchase fee is now priced at 3.96%, down from 4.12%.
95% LTV two-year fixed rate residential purchase mortgage with no purchase fee and £250 cashback is now priced at 5.57%, down from 5.83%.
75% LTV three-year fixed rate residential purchase mortgage with a £999 purchase fee is now priced at 4.11%, down from 4.27%.
60% LTV five-year fixed rate residential purchase mortgage with a £999 purchase fee is now priced at 3.87%, down from 3.95%
Examples of new build rates that have been reduced include:
60% LTV 3-year fixed rate new build exclusive purchase with a £999 purchase fee is now priced at 3.92%, down from 4.08%.
95% LTV 3-year fixed rate new build exclusive purchase with no purchase fee and a £250 cashback is now priced at 5.42%, down from 5.78%.
Examples of green mortgage rates that have been reduced include:
60% LTV two-year fixed rate green remortgage with a £999 product fee is now priced at 3.99%, down from 4.09%.
60% LTV five-year fixed rate green remortgage with a £999 product fee is now priced at 3.85%, down from 3.98%.
60% LTV five-year fixed rate green buy-to-let remortgage with no product fee is now priced at 4.14%, down from 4.34%.
Examples of buy-to-let rates that have been reduced include:
75% LTV two-year fixed rate buy-to-let remortgage with a £1749 product fee is now priced at 4.46%, down from 4.66%,
60% LTV five-year fixed rate buy-to-let remortgage with a £1749 product fee is now priced at 3.97%, down from 4.17%.
75% LTV five-year fixed rate buy-to-let mortgage with a £1749 purchase fee is now priced at 4.13%, down from 4.33%.
Graham Sellar, Head of Mortgage Development at Santander, said: “With some uncertainty in the market around mortgage pricing, it’s great to be able to offer borrowers access to lower rates across all of our residential, new build and buy-to-let mortgage products. We look forward to helping even more customers on their house buying or remortgage journeys.”
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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.