Major lender the latest to enact a series of moves
Santander UK has announced a reduction in fixed rates for certain residential purchase mortgages, with loan-to-value ratios (LTV) of up to 90%.
Among the revised rates are two-year fixed rate mortgages across different LTV brackets. For instance, the two-year fixed rate for residential purchase mortgages at 60% LTV with a £999 product fee has been reduced from 4.25% to 4.20%. Similarly, the rates for 75% and 90% LTV mortgages with the same product fee have seen reductions from 4.35% to 4.30% and from 4.94% to 4.89%, respectively.
Five-year fixed rates have also been adjusted, with reductions to 60% LTV mortgages with a £999 purchase fee, dropping from 4.04% to 3.94%. Likewise, the rates for 75% and 90% LTV mortgages with the same purchase fee have decreased from 4.24% to 4.14% and from 4.84% to 4.64%, respectively.
The high street lender has already slashed rates on fixed rate mortgage products several times this year.
The complete list of revised rates is available on the lender’s website.
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