Santander UK has implemented another round of mortgage rate reductions across its product ranges for home movers, first-time buyers, remortgages and buy-to-let customers, with changes taking effect from today (16th July).
The lender’s latest pricing reflects a recent fall in SWAP rates and marks its second rate cut within two weeks.
2-year fixed rates now start from 3.84% for first-time buyers and 3.79% for home movers and buy-to-let borrowers.
Santander continues to uphold its “no dual pricing” commitment, meaning the new rates are available to all customers, regardless of whether they apply through a broker or directly with the bank.
For home movers, rates have been reduced by up to 0.17% across 2-, 3-, 5- and 10-year fixed options.
Highlights include a 90% LTV 2-year fixed rate with a £999 fee and £250 cashback, reduced to 4.30%, and an 85% LTV 5-year fixed at 4.24% with no fee and £250 cashback.
First-time buyer rates have fallen by up to 0.23%. A 60% LTV 2-year fixed now stands at 3.84% with a £999 fee, while a 95% LTV 5-year fixed is now 4.70% with no fee and £250 cashback.
For remortgage customers, Santander has applied reductions of up to 0.23% across its fixed rate terms.
Notable offers include a 60% LTV 10-year fixed with no fee at 4.54% and a 75% LTV 3-year fixed with a £999 fee at 4.06%.
Remortgage customers can also choose between £250 cashback or free legal support from Santander’s solicitor panel.
In the buy-to-let segment, purchase rates have dropped by up to 0.21%. A 60% LTV 2-year fixed is now available at 3.79% with a £1,749 fee.
Buy-to-let remortgage rates have also fallen, with a 65% LTV 5-year fixed now priced at 4.08%.
