Santander UK will cut rates across its mortgage range from Thursday 17 April, with reductions of up to 0.21% and the return of sub-4% pricing for some home mover products.

The bank said the changes, which apply to home movers, first-time buyers, new build, remortgage and buy-to-let products, reflect recent falls in SWAP rates.

Among the headline changes, Santander has reduced all two, three, and five-year fixed home mover rates by up to 0.13%. This includes a two-year fixed rate at 60% loan-to-value (LTV) priced at 3.97% with a £999 fee, marking a cut of 0.08%. A three-year fixed option at the same LTV and fee structure is now available at 3.99%, down by 0.09%.

For first-time buyers, all fixed rates between 60% and 95% LTV have been reduced by up to 0.17%. Notable examples include a two-year fixed rate at 95% LTV with no fee and £250 cashback, now priced at 5.14% following a 0.15% cut. A three-year fixed deal at 75% LTV with no fee is now 4.37%, reduced by 0.17%.

The lender has also applied cuts of up to 0.21% across all three-year fixed new build rates for first-time buyers at 60–95% LTV. This includes a 95% LTV product with no fee and £250 cashback, now at 5.23%, down from 5.44%.