Santander has announced further rate cuts across its residential and buy-to-let ranges, with reductions of up to 0.15% taking effect from Tuesday 9 December.
The move follows a series of reductions through November and means the lender will enter 2026 with rates starting from 3.51%, down from 4.07% at the start of this year.
The new rates will be available to customers applying via brokers or directly, under Santander’s no dual pricing commitment.
Graham Sellar, head of Santander for Intermediaries, said 2025 had been “the year of the buyer” as improving affordability helped more people enter or move up the housing ladder.
Sellar said: “2025 has been the year of the buyer, with rate reductions and affordability improvements helping more buyers take that first step onto or move up the property ladder.
“We’re pleased that our final rate change of 2025 continues this positive trend for buyers with reductions across the board and our lowest on sale rate of the year to support buyers into January with a new year, new home hunt.”
For home movers, new 60% and 75% LTV 2- and 5-year fixed products will start from 3.51% with a £1,999 fee for loans above £500,000.
Selected 75%–90% LTV 5-year fixes have been reduced by up to 0.03%, with rates now starting from 3.65%.
First-time buyers will see reductions of up to 0.15% on all 85% and 90% LTV 2-year fixes, with rates from 4.06%, while 85% LTV 5-year fixes fall by up to 0.05% to start from 4.19%.
Remortgage customers will benefit from reductions of up to 0.07% on selected 60%–90% LTV 2-year fixes, now starting at 3.69%, and up to 0.12% on selected 5-year fixes starting at 3.71%.
3-year fixes at 60%–75% LTV have also been cut by up to 0.02% to start from 3.78%.
New-build rates for both home movers and first-time buyers have also been reduced across selected 75%–90% LTV options, with pricing from 3.99% for home movers and from 4.06% for first-time buyers.
Buy-to-let borrowers will see reductions across both purchase and remortgage ranges. All 60%–75% LTV 2-year purchase fixes have been reduced by up to 0.08% to start from 3.74%, with 5-year purchase fixes reduced by the same margin to start from 3.93%.
For remortgage, reductions of up to 0.08% apply to 65%–75% LTV 2-year fixes starting from 3.82%, and 5-year fixes have been cut by up to 0.09% to start from 3.85%.
