Santander has introduced changes to its mortgage products following the Monetary Policy Committee’s (MPC’s) decision to decrease the Bank of England base rate by 0.25% to 4.50%.
All existing Santander tracker mortgage products linked to the base rate will decrease by 0.25% from 3 March 2025.
This includes the Santander Follow-on Rate (FoR) which will decrease to 7.75% from 8.00%.
The Santander Standard Variable Rate (SVR) will also decrease by 0.25% to 6.75% from 7.00% on 3 March 2025.
