Santander UK has made reductions to selected fixed rates across its purchase, remortgage, and buy to let range by up to 0.29%.
Examples of five-year fixed rates that have been reduced include:
- 60% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.80%, down from 4.02%.
- 75% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.09%, down from 4.30%.
- 85% LTV five-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.40%, down from 4.61%.
Examples of two-year fixed rates that have been reduced include:
- 60% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.99%, down from 4.28%.
- 75% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.19%, down from 4.40%.
- 85% LTV two-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.58%, down from 4.83%.
Examples of three-year New Build exclusive rates that have been reduced include:
- 60% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 3.94%, down from 4.17%.
- 75% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 4.14%, down from 4.36%.
- 85% LTV three-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 4.53%, down from 4.68%.
Graham Sellar, Head of Mortgage Development at Santander, says: “We know how hard people work to afford their home and as the property market continues to warm up, we are pleased to deliver this range of rate cuts, which should support more buyers in affording their home.”
