Santander cuts mortgage rates by up to 0.21% and reintroduces sub-4% deals

15 April 2025

Santander UK has announced that, from Thursday 17 April, it is reducing interest rates across its mortgage products including its home mover, first-time buyer, new build, remortgage and buy to let range.

The new pricing reflects the recent reduction in SWAP rates and sees the lender reintroduce sub-4% rates to its home mover offering.

Examples of the new products and rates include:

Home mover

All two, three, and five-year fixed rates reduced by up to 0.13% including:

two-year fixed, 60% LTV, £999 fee at 3.97% - reduced by 0.08%
three-year fixed, 60% LTV, £999 fee at 3.99% - reduced by 0.09%

First-time buyers

All two, three and five-year fixed rates between 60-95% LTV will be reduced by up to 0.17% including:

two-year fixed rate, 95% LTV, £0 fee and £250 cashback at 5.14% - a reduction of 0.15%
three-year fixed, 75% LTV, £0 fee at 4.37% - a reduction of 0.17%

New build

Reductions of up to 0.21% on all three-year fixed, first-time buyer rates from 60-95% LTV, including:

three-year fixed, 95% LTV, with £0 and £250 cashback, at 5.23% - a reduction of 0.21%

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

A full list of changes and new products, including rates, will be available on Santander For Intermediaries website from Thursday: https://www.santanderforintermediaries.co.uk/