Santander UK reduces selected fixed mortgage rates by up to 0.24% and launches new buy-to-let tracker products

Santander UK has today made reductions to selected fixed rates across its purchase, remortgage, and buy-to-let range. It is also launching a range of new buy-to-let two-year tracker products, up to 75% LTV.

The full list of new rates can be found online here

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

  • 85% LTV five-year fixed rate residential purchase mortgage with no product fee is now priced at 4.79%, down from 4.89%.
  • 90% LTV five-year fixed rate residential purchase mortgage with no product fee is now priced at 4.99%, down from 5.23%.

Examples of two-year fixed rates that have been reduced include:

  • 85% LTV two-year fixed rate residential remortgage with a £999 fee is now priced at 5.58%, down from 5.73%.
  • 90% LTV two-year fixed rate residential remortgage with a £999 fee is now priced at 5.78%, down from 5.94%.

The new buy-to-let tracker range includes:

  • 60% LTV two-year tracker rate at 5.60% with a £1749 remortgage or purchase fee. 
  • 75% LTV two-year tracker rate at 5.84% with a £1749 remortgage or purchase fee.

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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 31 December 2023, the bank had around 19,800 employees and serves around 14 million active customers, 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 retail and commercial bank, founded in 1857 and headquartered in Spain and is one of the largest banks in the world by market capitalization. Its primary segments are Europe, North America, South America and Digital Consumer Bank, backed by its secondary segments: Santander Corporate & Investment Banking (Santander CIB), Wealth Management & Insurance (WM&I) and PagoNxt. Its 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 over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At 30 September 2023, Banco Santander had 1.3 trillion euros in total funds, 166 million total customers, of which 28 million are loyal and 54 million are digital, 9,000 branches and over 212,000 employees.