Rates were slashed by up to 0.20%
Santander has further reduced rates across its residential fixed rate products for both new homebuyers and remortgage customers.
The lender has cut its residential fixed rates by up to 0.20%, with the lowest rate for house purchase customers now at 3.94%.
The bank is also reducing rates across loan-to-value (LTV) brackets and across two-, three-, and five-year fixed terms deals.
Some of Santander’s products that have had their rates slashed include:
- Five-year fixed rate at 60% LTV with a £999 fee for house purchase - rate reduced by 0.05% to 3.94%
- Five-year fixed rate at 75% LTV with a £999 fee for house purchase - rate reduced by 0.09% to 3.99%
- Five-year fixed rate at 85% LTV with a £999 fee for remortgage customers - rate reduced by 0.14% to 4.29%
- Five-year fixed rate at 90% LTV with a £999 fee for remortgage customers - rate reduced by 0.20% to 4.49%
To support first-time buyers and customers with smaller deposits, the bank has also reduced rates on its 90% LTV five-year fixed rate remortgage product with a £999 fee by 0.20% to 4.49%, and the 95% LTV five-year fixed rate by 0.05% to 5.02% with no fee and a £250 cashback for house purchases.
See the Santander Mortgage Rates here.
A full list of the latest rates is available online through the lender’s website.
“Spring is a traditionally busier time in the housing market, and the changes announced will help a wide range of customers right across the mortgage market, whether buying their first home, moving house, or remortgaging,” Graham Sellar, head of business development for mortgages at Santander, said.
“Our teams continue to be on hand to support homebuyers with average timelines from initial mortgage application to full offer currently just six days, helping our customers embark on their homebuying journey.”
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