Santander cuts high-LTV mortgage rates by up to 0.32%

From tomorrow, Santander is reducing rates across all 85-95% LTV first-time buyer products by up to 0.32%.

Across Santander's first-time buyer range, all 85-95% LTV two-year fixed rates are reducing by up to 0.23%, all three-year fixes by up to 0.32%, and all five-year fixes by up to 0.17%.

The reductions – part of a broader pricing reduction across selected residential mortgage products – will see Santander’s first-time buyer rates starting from 3.92%.

A fee-free 95% LTV five-year fixed rate at 4.72% is currently the lowest available on the market.

Other highlights include a five-year fix at 85% LTV, reducing to 4.17% with a £999 fee.

Alongside reductions for first-time buyers, Santander is also reducing rates across its home-mover and large loans range. 

David Morris, director of homes at Santander UK, said: “We’re going into 2026 with a renewed focus on supporting first-time buyers in a balanced and responsible way, with recent applications for our newly launched My First Mortgage showing there is real demand in the market for creative support from lenders. 

“But we can’t forget the basics, and we’re pleased to introduce this suite of mortgage rate reductions across our range of higher LTV lending, the latest advancement in our goal of helping first-time buyers on their homeownership journey.”