Santander has today announced further reductions in mortgage rates across residential fixed rate products and its Buy to Let range for both new homebuyers and re-mortgage customers.

Residential fixed rates have been reduced by up to 0.50% with the lowest rate now at 3.99%1. The bank is reducing rates across LTV brackets and across two, three and five year fixed terms deals providing greater choice for customers.

Changes made today include:

  • 60% LTV five-year fixed rate at 3.99% with a £999 fee for re-mortgages (reduced by 0.19%)
  • 75% LTV five-year fixed rate at 4.15% with a £999 fee for house purchases (reduced by 0.13%)
  • 85% LTV five-year fixed rate at 4.34% with a £999 fee for house purchases (reduced by 0.16%)
  • 90% LTV five-year fixed rate at 4.59% with a £999 fee for house purchases (reduced by 0.12%)

To support first time buyers and customers with smaller deposits purchasing a home, the largest rate reduction of 0.50% is on the 95% LTV 5-year fixed rate product now at 5.14% which has no fee and comes with £250 cashback.

Graham Sellar, Head of Business Development, Mortgages at Santander said: “These rate reductions will help customers right across the mortgage market, whether buying their first home, moving house or re-mortgaging. By reducing rates in a range of LTV brackets and across two, three and five year fixed deals we are increasing choice for customers.

“Santander mortgage customers will also benefit from innovative services such as My Home Manager which provides easy, practical and tailored support to help manage the costs of running a home. From help moving in, to information on how to save money on energy bills, and access to green technology such as solar panels we continue to look for new ways to help customers manage their homes.”

Santander has also made reductions in it Buy to Let mortgage range:

  • 75% LTV two-year fixed rate at 5.19% with a £1,499 fee for re-mortgage and purchases (reduced by 0.30%)
  • 75% LTV five-year fixed rate at 5.05% with a £1,499 fee for re-mortgage and purchases (reduced by 0.14%)

Customers can see how much they could borrow and the rates available to them with the mortgage calculators on Santander’s website.

My Home Manager  provides mortgage customers with personalised information and support through Santander's mobile app and over 60,000 customers have benefited from using this service so far.

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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.

Notes to Editors 

  1. 60% LTV 5-year fixed rate at 3.99% with a £999 fee for re-mortgage customers.
  2. A full list of rate changes is available here


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 2022, the bank had around 19,000 employees and serves around 14 million active customers, via a nationwide 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 2022, Banco Santander had €1.3 trillion in total funds, 160 million customers, 9,000 branches and 206,000 employees.