Santander cuts residential, buy-to-let and new build rates by up to 0.20%

Purchase and remortgage rates have reduced across the Bank's residential and buy-to-let mortgage ranges.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
30th July 2024
Santander sign

Santander UK has made reductions of up to 0.20% to selected fixed rates across its purchase, remortgage, buy-to-let and new build ranges.

In the Bank's residential purchase range, a 90% LTV two-year fixed rate is down by 20bps to 5.42% with a £999 fee, while a 60% LTV three-year fix with no fee has reduced to 4.66% and a 95% LTV two-year fix has reduced to 5.95% with no fee and £250 cashback.

Residential remortgage reductions include a 75% LTV two-year fix, down to 4.77% with a £999 fee. At 60% LTV, a three-year fixed rate has reduced to 4.52% with a £999 fee and a five-year fix is down to 4.45% with no fee.

For new build products, three-year fixed rates have reduced to 4.66% at 60% LTV with no fee and to 4.57% at 75% LTV with a £999 fee.

In Santander's buy-to-let range, a 60% LTV two-year fix is down by 10bps to 4.62% and a 60% LTV five-year fixed remortgage rate has reduced to 4.37%, both with a £1,749 fee.

The latest reductions follow the launch of Santander's one-year fixed rate buy-to-let mortgage product earlier this month.

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