Santander to cut rates across higher LTV first-time buyer mortgage products
Santander will cut rates across its 85% to 95% LTV first-time buyer mortgages by up to 0.32%.
Santander will cut rates across its 85% to 95% loan-to-value (LTV) first-time buyer (FTB) mortgages by up to 0.32% from 17th February.
The changes include both standard and new-build products, with rates starting from 3.92%.
The lender will offer a 5-year fixed rate at 95% LTV for 4.72% with no fee, and a 5-year fixed at 85% LTV for 4.17% with a £999 fee.
All reductions will be available direct and through brokers under Santander’s ‘no dual pricing’ pledge.
David Morris, director of homes at Santander UK, said: “We’re going into 2026 with a renewed focus on supporting first-time buyers in a balanced and responsible way, with recent applications for our newly launched
“My First Mortgage showing there is real demand in the market for creative support from lenders.
“But we can’t forget the basics, and we’re pleased to introduce this suite of mortgage rate reductions across our range of higher LTV lending, the latest advancement in our goal of helping first-time buyers on their homeownership journey.”
2-year fixed rates at 85% to 95% LTV for FTBs will reduce by up to 0.23%.
3-year fixed rates will reduce by up to 0.32%.
5-year fixed rates will fall by up to 0.17%.
Cuts for new build FTB products will be at similar levels.
Santander will also cut rates for home-mover and large loan products.
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