Santander reduces rates across 60 mortgage products

Santander UK is making further mortgage rate reductions of up to 0.19% on more than 60 products across its home mover, first-time buyer, remortgage and buy-to-let ranges.  

Available from tomorrow, home movers can access a 60% LTV two-year fixed rate at 3.80% with a £999 fee, while a two-year fix at 85% LTV is down by 0.11% to 4.14% with a £999 fee and £250 cashback.

A 60% LTV five-year fixed rate is reducing to 3.83% and a 90% LTV five-year fix is down to 4.49% with no fee and £250 cashback, currently the lowest available on the market.

For first-time buyers, a fee-free 60% LTV two-year fix is decreasing to 4.13% and an 85% LTV product is down to 4.47% with no fee and £250 cashback.

A 95% LTV five-year fix has also been trimmed to 4.97% with no fee and £250 cashback.

In Santander's remortgage range, a 60% LTV two-year fix has reduced by 0.19% to 4.13% with no fee, currently the lowest fee-free rate on the market.

A 90% LTV two-year fix is down to 4.79% and a 75% LTV five-year fix has reduced to 3.98%, both with a £999 fee.

The latest round of reductions follow cuts of up to 0.18% across Santander's mortgage ranges last week.