Santander is cutting rates across its residential fixed mortgage range for home movers and new build home movers, in a move that sees reductions of up to 0.10%.
The changes, effective immediately, apply to products up to 95% loan-to-value (LTV).
Under Santander’s ‘no dual pricing’ policy, the new rates are available to all customers, whether they apply through a broker or directly with the lender.
For home movers, all two-year fixed rates up to 95% LTV have fallen by as much as 0.10%, while selected three and five-year products have been reduced by up to 0.04%.
Among the headline rates, the 75% LTV three-year fix with a £999 fee and £250 cashback has dropped by 0.10% to 3.86%, while the 85% LTV five-year fix with no fee and £250 cashback is now 4.33%. At 90% LTV, the two-year fix with a £999 fee has fallen to 4.30%, and the 95% LTV five-year fix with no fee is now 4.84%.
The same cuts apply to Santander’s new build home mover range. Two-year fixed rates at 75% to 95% LTV have been reduced by up to 0.10%, with smaller reductions of up to 0.04% across five-year terms.
The 75% LTV two-year fixed New Build Exclusive with a £999 fee now stands at 3.86%, while the 85% LTV equivalent with no fee is 4.34%.
The 90% LTV five-year fixed rate has dropped to 4.39%, and the 95% LTV two-year fix to 4.92%.
