Santander to cut residential rates and withdraw fixed deals

From tomorrow, it will cut selected fixed rates and withdraw fee-free BTL products and some 10-year deals.

Santander will cut selected residential fixed rates and withdraw fee-free buy-to-let (BTL) products and some 10-year deals from 23rd September 2026.

Its 2-year fixed rate at 95% loan-to-value (LTV) for home movers and first-time buyers (FTBs) will reduce by 0.06% to 5.99%.

The 5-year My First Mortgage product at 98% LTV will receive the largest cut, dropping by 0.16% to 5.99%.

The 2-year remortgage rate at 90% LTV will drop by 0.04% to 5.99%.

In its new-build range, the 2-year fixed rate at 95% LTV will fall by 0.06% to 5.99%.

The 3-year product at 90% LTV will drop by 0.05% to 5.50%.

Santander will withdraw five 10-year fixed products for home movers, FTBs and new-build customers.

These cover 85% to 95% LTV and carry rates between 5.59% and 5.90%.

It will also withdraw all fee-free BTL fixed rates for purchases and remortgages.

These products cover 60% to 75% LTV, with rates ranging from 5.26% to 5.72%.

Tracker rates and the product transfer range will remain unchanged.

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