Santander to cut fixed-mortgage rates by up to 0.18%, introducing more sub-4% three-year fixed rate products

09 May 2025

Santander UK has announced that, from Tuesday 13 May, 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 marks the third reduction in rates from the lender in the past four weeks.

Examples of the new products and rates, available from Tuesday, include:

Home mover

Rates reduced by up to 0.15% across two, three and five-year fixed-rate products, including:

95% LTV, two-year fixed, £0 fee and £250 cashback. Rate reduced by 0.15% to 4.95%
60% LTV three-year fixed, £999 fee. Rate reduced by 0.05% to 3.94%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.03% to 3.89%

First-time buyer

Rates reduced by up to 0.11% across two, three and five-year fixed rate products, including:

60% LTV two-year fixed, £999 fee. Rate reduced by 0.05% to 3.89%
95% LTV two-year fixed, £0 fee and £250 cashback. Rate reduced by 0.10% to 5.04%
60% LTV three-year fixed, £999 fee. Rate reduced by 0.05% to 3.99%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.11% to 3.99%

Remortgage

Rates reduced by up to 0.18% across two, three and five-year fixed rate products, including:

85% LTV two-year fixed rate, £0 fee. Rate reduced by 0.13% to 4.86%
60% LTV three-year fixed rate, £999 fee. Rate reduced by 0.18% to 4.01%
60% LTV five-year fixed rate, £999 fee. Rate reduced by 0.06% to 3.92%