Santander UK reduced selected fixed mortgage rates for new business by up to 0.21%

Santander UK has today made reductions to selected fixed rates for new business across its purchase, remortgage, and buy-to-let range.

The full list of new rates can be found online here.

Examples of the residential purchase rate changes include:

  • 60% LTV two-year fixed rate with a £999 purchase fee is now priced at 4.65%, down from 4.69%.
  • 60% LTV five-year fixed rate with a £999 purchase fee is now priced at 4.24%, down from 4.29%.
  • 75% LTV three-year fixed rate, for new builds only, with a £999 purchase fee is now priced at 4.64%, down from 4.68%.

The residential remortgage rate changes include:

  • 75% LTV two-year fixed rate, remortgage only with no fee is now priced at 5.10%, down from 5.25%.
  • 75% LTV three-year fixed rate, remortgage only with no fee is now priced at 4.98%, down from 5.19%.

The buy to let products that have been reduced include:

  • 60% LTV two-year fixed rate for buy-to-let purchase and remortgage with no fee is now priced at 5.24%, down from 5.36%.

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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 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.

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