Santander UK slashes mortgage rates across more than 70 products in a win for homeowners

For residential purchases, a two-year fixed rate at 60 per cent LTV is now available at 4.21 per cent with a £999 fee, following a 0.11 per cent reduction.

Buyers seeking higher LTV mortgages can access a two-year fixed rate at 85 per cent LTV for 4.69 per cent with a £999 fee, reduced by 0.07 per cent and now including £250 cashback.

First-time buyers can benefit from a 95 per cent LTV five-year fixed rate at 5.29 per cent with no fee, reduced by 0.12 per cent and including the new cashback offer.

In the remortgage category, a three-year fixed rate at 60 per cent LTV is now 4.26 per cent with a £999 fee, following a 0.05 per cent reduction.

For those seeking longer-term security, a five-year fixed rate at 75 per cent LTV has been cut by 0.23 per cent to 4.30 per cent with a £999 fee.

A 90 per cent LTV five-year fixed rate remortgage is available at 5.21 per cent with no fee, following a 0.10 per cent reduction.

New Build properties also see significant reductions, with a three-year fixed rate at 60 per cent LTV now at 4.17 per cent with a £999 fee, following a 0.13 per cent cut.

Higher LTV New Build mortgages include an 85% LTV three-year fixed rate at 5.00% with no fee, reduced by 0.03% and featuring the new £250 cashback.

For environmentally conscious homeowners, Santander’s Green Remortgage products offer competitive rates for properties with A or B EPC ratings.

A five-year fixed Green Remortgage at 60 per cent LTV is now available at 4.07 per cent with a £999 fee, reduced by 0.12 per cent.

Other Green options include a two-year fixed rate at 75 per cent LTV at 4.36 per cent with a £1,749 fee, following a 0.10 per cent reduction.

The 75 per cent LTV five-year fixed Green Remortgage has been cut by 0.17 per cent to 4.26 per cent with a £999 fee.

Buy-to-Let investors can access a five-year fixed rate at 75 per cent LTV at 4.40 per cent with a £1,749 fee for remortgages, following a 0.14 per cent reduction.

Purchase options in the Buy-to-Let range include a 75 per cent LTV five-year fixed rate at 4.67 per cent with no fee, reduced by 0.08 per cent.

For environmentally friendly rental properties, Buy-to-Let Green Remortgage rates start at 4.13 per cent for a five-year fixed at 60 per cent LTV with a £1,749 fee.

Graham Sellar, Head of Intermediary Channels at Santander, said: “It’s the time of year where everyone is on the hunt for the opportunity to make their money go that little bit further.

“We’re pleased to deliver this bumper range of rate cuts across more than 70 products, alongside adding cashback for those looking at higher LTVs; helping more customers manage their borrowing for less and improving affordability for those hoping to secure a home ahead of the April Stamp Duty changes.”