Santander UK has today made reductions to selected fixed rates across its purchase, remortgage, and buy-to-let range by up to 0.29%. The full list of new rates, which includes five, three, and two-year fixed rate purchase mortgages below 4.00%, can be found online here.
Examples of five-year fixed rates that have been reduced include:
- 60% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.80%, down from 4.02%.
- 75% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.09%, down from 4.30%.
- 85% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.40%, down from 4.61%.
Examples of two-year fixed rates that have been reduced include:
- 60% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.99%, down from 4.28%.
- 75% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.19%, down from 4.40%.
- 85% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.58%, down from 4.83%.
Examples of three-year New Build exclusive rates that have been reduced include:
- 60% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 3.94%, down from 4.17%.
- 75% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 4.14%, down from 4.36%.
- 85% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 4.53%, down from 4.68%.
Graham Sellar, Head of Mortgage Development at Santander, said: “We know how hard people work to afford their home and as the property market continues to warm up, we are pleased to deliver this range of rate cuts, which should support more buyers in affording their home.”
More information on Santander mortgages can be found on our website.
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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.