Lender also reduces rates of select residential products
Santander UK has announced rate reductions to its mortgage products, affecting both residential rates for remortgage clients and its entire buy-to-let mortgage range.
The updated residential rates see reductions across several offerings, including the 60% loan-to-value (LTV) two-year fixed rate remortgage with a £999 fee, now featuring a rate that has been adjusted from 4.49% to 4.39%.
The three-year fixed rate at the same LTV and fee now has a rate of 4.39%, reduced from 4.44%. For those seeking longer-term security without upfront costs, the 60% LTV five-year fixed rate remortgage is now available at 4.19%, down from 4.24%. In addition, the 75% LTV two-year fixed rate remortgage had its rate reduced from 4.69% to 4.53%.
In its buy-to-let range, Santander has made cuts across the board, with the 60% LTV two-year fixed rate for both purchase and remortgage now at 4.49% following a reduction from 4.64%. Its five-year counterpart now has a rate of 4.25%, down from 4.40%.
For those with a 75% LTV, the two-year fixed rate is now priced at 5.28%, previously 5.38%, with the five-year fixed rate adjusted to 4.77% from 4.87%.
The complete list of revised rates is available on the lender’s website.
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