Santander UK reduces mortgage rates by up to 0.45% with two year fixed rates now starting at 4.10%

Santander UK has today reduced fixed rates on select purchase mortgages.

The full list of new rates can be found online here. The rate changes include: 

  • 60% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.10%, down from 4.55%.
  • 75% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.15%, down from 4.60%.
  • 85% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.52%, down from 4.79%.

Examples of five year fixed rates that have been reduced include:

  • 60% LTV five year fixed rate residential purchase mortgage with no product fee is now priced at 4.14%, down from 4.34%.
  • 75% LTV five year fixed rate residential purchase mortgage with no product fee is now priced at 4.19%, down from 4.45%.
  • 85% LTV five year fixed rate residential purchase mortgage with no product fee is now priced at 4.24%, down from 4.54%.

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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 2023, the bank had around 19,400 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 445 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. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. 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. 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. At the end of the third quarter of 2023, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,700 branches and 212,000 employees.