Santander announces rate reductions on higher LTV fixed rate and tracker products

20 May 2026

Santander has announced that from Friday 20 May, it is reducing rates across first-time buyer, home mover and remortgage fixed and tracker rates by up to 0.27%.

The new products include several market leading remortgage products, such as:

60% LTV two-year fixed rate with a £999 fee at 4.62%.
75% LTV two-year fixed rate with a £999 fee at 4.74%.
90% LTV two-year fixed rate with a £999 fee at 5.15%.

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

First time buyer:

Selected 85% - 95% LTV two-year fixed rates are reducing by up to 0.15% with rates starting from 4.81%, with a £999 fee and £250 cashback.
All 85% - 95% LTV three-year fixed rates are reducing by up to 0.23% with rates starting from 4.90%, with a £999 fee and £250 cashback.
All 90% - 95% LTV five-year fixed rates are reducing by up to 0.14% with rates starting from 4.89%, with a £999 fee and £250 cashback.
The 90% LTV two-year tracker is reducing by 0.10% to 4.95% with no fee.

Home mover:

Selected 85% - 95% LTV two-year fixed rates are reducing by up to 0.24% with rates starting from 4.84%, with a £999 fee and £250 cashback.
All three-year fixed rates are reducing by up to 0.23% with rates starting from 4.63%, with a £999 fee and £250 cashback.
All five-year fixed rates are reducing by up to 0.21% with rates starting from 4.52%, with a £1,999 fee and £250 cashback.
All two-year tracker rates are reducing by up to 0.19% with rates starting from 4.22%, with a £999 fee.

Remortgage:

All two-year fixed rates are reducing by up to 0.25% with rates starting from 4.57%, with a £1,999 fee.
All three-year fixed rate are reducing by up to 0.17% with rates starting from 4.74%, with a £999 fee.
All five-year fixed rates are reducing by up to 0.14% with rates starting from 4.61%, with a £1,999 fee.
All ten-year fixed rates are reducing by up to 0.22% with rates starting from 5.02%, with a £999 fee.
All two-year tracker rates are reducing by up to 0.27% with rates starting from 4.30%, with a £999 fee.

A full list of products, including rates, will be available on Santander For Intermediaries website on Friday 22 May: https://www.santanderforintermediaries.co.uk/  