Santander UK has announced that, from Tuesday 13 May, it is reducing interest rates across its mortgage products including its home mover, first-time buyer, new build, remortgage and buy to let range.
The new pricing reflects the recent reduction in SWAP rates and marks the third reduction in rates from the lender in the past four weeks.
Examples of the new products and rates include:
Home mover
Rates reduced by up to 0.15% across two, three and five-year fixed-rate products, including:
95% LTV, two-year fixed, £0 fee and £250 cashback. Rate reduced by 0.15% to 4.95%
60% LTV three-year fixed, £999 fee. Rate reduced by 0.05% to 3.94%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.03% to 3.89%
First-time buyer
Rates reduced by up to 0.11% across two, three and five-year fixed rate products, including:
60% LTV two-year fixed, £999 fee. Rate reduced by 0.05% to 3.89%
95% LTV two-year fixed, £0 fee and £250 cashback. Rate reduced by 0.10% to 5.04%
60% LTV three-year fixed, £999 fee. Rate reduced by 0.05% to 3.99%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.11% to 3.99%
Remortgage
Rates reduced by up to 0.18% across two, three and five-year fixed rate products, including:
85% LTV two-year fixed rate, £0 fee. Rate reduced by 0.13% to 4.86%
60% LTV three-year fixed rate, £999 fee. Rate reduced by 0.18% to 4.01%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.06% to 3.92%
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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.
A full list of changes and new products, including rates, will be available on Santander For Intermediaries website from Tuesday: https://www.santanderforintermediaries.co.uk/
About Santander
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 2024, the bank had around 18,000 employees and serves around 14 million active customers, including 7 million digital customers. 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.