Santander UK has announced that, from Thursday 17 April, 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 sees the lender reintroduce sub-4% rates to its home mover offering.Ìý
Examples of the new products and rates include:
Home mover
All two, three, and five year fixed rates reduced by up to 0.13% including:
- two-year fixed, 60% LTV, £999 fee at 3.97% - reduced by 0.08%
- three-year fixed, 60% LTV, £999 fee at 3.99% - reduced by 0.09%
First-time buyers
All two, three and five year fixed rates between 60-95% LTV will be reduced by up to 0.17% Ìýincluding:
- two-year fixed rate, 95% LTV, £0 fee and £250 cashback at 5.14% - a reduction of 0.15%
- three-year fixed, 75% LTV, £0 fee at 4.37% - a reduction of 0.17%
New buildÌý
Reductions of up to 0.21% on all three-year fixed, first-time buyer rates from 60-95% LTV, including:
- three-year fixed, 95% LTV, with £0 and £250 cashback, at 5.23% - a reduction of 0.21%
- Ends -
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 Thursday: Ìý
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About SantanderÌý
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.