Santander cuts mortgage rates across residential and buy-to-let ranges

75% LTV two-year fixed rate products for first-time buyers have been reduced by 0.05% to 4.02%.

Related topics:  Finance News,  Rates,  Santander
Warren Lewis | Editor
1st July 2025
santander

Santander UK has announced it will reduce interest rates by up to 0.16% across its mortgage products from tomorrow (Wednesday 2 July).

The cuts apply to home mover, first-time buyer, new build, remortgage, and Buy to Let (BTL) mortgages.

The new pricing is available to all customers, whether applying via a broker or directly, under Santander’s “no dual pricing” pledge.

First-time buyers

First-time buyers will see reductions across various 75%-85% loan to value (LTV) products, including a 75% LTV two-year fixed rate with a £999 fee, reduced by 0.05% to 4.02%. The 85% LTV two-year fixed rate with a £999 fee and £250 cashback has also dropped by 0.05% to 4.23%. On the five-year fixed rate deals, the 75% LTV product with a £999 fee is down 0.10% to 4.13%, while the 85% LTV version with the same fee and cashback offer is down 0.16% to 4.21%.

Home movers

Home movers can expect cuts across 60%-90% LTV products. For example, the 60% LTV two-year fixed rate with a £999 fee is reduced by 0.05% to 3.90%, and the 75% LTV two-year fixed rate with a £999 fee is also down by 0.05% to 3.98%. Five-year fixed rates have fallen slightly, with the 60% LTV option down 0.03% to 3.98%, and the 90% LTV product with a £999 fee and £250 cashback down 0.03% to 4.37%.

New build

New build exclusives for first-time buyers feature similar reductions. The 75% LTV two-year fixed rate with a £999 fee has been cut by 0.05% to 4.02%, and the 85% LTV two-year fixed rate with a £999 fee plus £250 cashback has dropped by the same amount to 4.23%. Five-year fixed rates for these new build deals have also decreased, with the 75% LTV product reduced by 0.10% to 4.13%, and the 85% LTV deal down 0.16% to 4.21%.

New build home movers will benefit from cuts across 60%-90% LTV products as well. The 60% LTV two-year fixed rate with a £999 fee has been lowered by 0.05% to 3.90%, and the 75% LTV two-year fixed rate with the same fee is down 0.05% to 3.98%. On five-year fixed rates, the 60% LTV product fell 0.11% to 3.90%, while the 75% LTV deal was cut 0.04% to 4.10%. The 90% LTV five-year fixed rate with a £999 fee and £250 cashback decreased by 0.03% to 4.37%.

BTL

Buy to Let purchase products have also seen reductions across 60%-75% LTV ranges. The 60% LTV two-year fixed rate with a £1,749 fee has been cut by 0.10% to 3.99%, and the 75% LTV two-year fixed rate with the same fee was lowered by 0.10% to 4.15%. For five-year fixed rates, the 60% LTV option dropped 0.10% to 4.12%, while the 75% LTV product fell by the same margin to 4.22%.

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