Santander announces rate reductions across higher LTV first-time buyer and home mover products

23 April 2026

Santander has announced that from Friday 24 April, it is reducing rates across first-time buyers, home mover and remortgage fixed rates by up to 0.25%.

The reductions include Santander’s 98% LTV, My First Mortgage product which is reducing by 0.25% to 5.60% and marks the second time the lender has reduced rates this month, following a range of reductions across it’s higher LTV lending products last week (Thursday 16 April).

The new range will also see the bank launch a series of market leading first-time buyer products including:

95% LTV, three-year fixed with a £0 fee and £250 cashback at 5.55%
85% LTV, two-year fixed with a £999 fee and £250 cashback at 4.80%
85% LTV, five-year fixed with £0 fee and £250 cashback at 4.98%

The newly reduced rates are available to customers applying via a broker or directly, under Santander’s ‘no dual pricing’ pledge.

First time buyer:

My First Mortgage FTBer exclusive, 98% LTV, minimum £10,000 deposit with £250 cashback, reduced by 0.25%.
Selected two-year fixed rates are reducing by up to 0.14%.
Selected three-year fixed rates are reducing by up to 0.25%.
Selected five-year fixed rates are reducing by up to 0.25%.

Home mover:

Selected two-year fixed rates are reducing by up to 0.06%.
Selected three-year fixed rates are reducing by up to 0.10%.
Selected five-year fixed rates are reducing by up to 0.05%.

New Build - home mover:

Selected two-year fixed rates are reducing by up to 0.06%.
Selected three-year fixed rates are reducing by up to 0.10%.
Selected five-year fixed rates are reducing by up to 0.05%.

New build - first time buyer:

Selected two-year fixed rates are reducing by up to 0.14%.
Selected three-year fixed rates are reducing by up to 0.25%.
Selected five-year fixed rates are reducing by up to 0.10%.

Remortgage:

Selected two-year fixed rates are reducing by up to 0.13%.
Selected five-year fixed rates are reducing by up to 0.10%.

A full list of products, including rates, will be available on Santander For Intermediaries website on Friday 24 April: https://www.santanderforintermediaries.co.uk/