Santander launches sub-4% rates across range

17 September 2024

Santander UK has made reductions to selected fixed rates across its purchase, remortgage, and buy-to-let range by up to 0.29%.

The full list of new rates includes 5-year, 3-year, and 2-year fixed rate purchase mortgages below 4.00%.

Examples of 5-year fixed rates that have been reduced include: a 60% LTV 5-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.80%, down from 4.02%; a 75% LTV 5-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.09%,down from 4.30%; and a 85% LTV 5-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.40%,down from 4.61%.

Examples of 2-year fixed rates that have been reduced include: a 60% LTV 2-year fixed rate residential purchase mortgage with a £999 fee is now priced at 3.99%,down from 4.28%; a 75% LTV 2-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.19%, down from 4.40%; a 85% LTV 2-year fixed rate residential purchase mortgage with a £999 fee is now priced at 4.58%,down from 4.83%.

Examples of 3-year New Build exclusive rates that have been reduced include: a 60% LTV 3-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 3.94%, down from 4.17%; a 75% LTV 3-year fixed rate residential New Build Exclusive purchase mortgage with a £999 fee is now priced at 4.14%, down from 4.36%; and an 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, said: “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.”