Santander UK has made reductions to selected fixed rates across its purchase, remortgage, buy-to-let (BTL) and new build ranges, effective today (11 June).
The 60% loan-to-value (LTV) five-year fix residential purchase mortgage with £999 product fee is now priced at 4.28%, down from 4.38% while the 90% LTV five-year fix residential purchase mortgage with £999 product fee is now priced at 5.10%, down from 5.20%.
Meanwhile, two-year fixes that have been reduced include the 85% LTV residential purchase mortgage with £999 product fee which has been lowered to 5.11%, down from 5.18% and the 90% LTV residential remortgage with £999 product fee is now priced at 6.03%, down from 6.10%.
Examples of new build rates that have been reduced include the 90% LTV three-year fix new build exclusive purchase with a £999 fee, which has been lowered to 5.41%, down from 5.55%.
In addition, the 95% LTV three-year fixed rate new build exclusive purchase with no product fee and £250 cashback is now priced at 5.87%, down from 6.01%.
In addition, the lender is launching a range of new large loan two-year tracker products, up to 75% LTV.
The range includes a 60% LTV two-year tracker rate at 6.04% with a £1,999 remortgage or purchase fee for loans up to £5m and a 75% LTV two-year tracker rate at 6.24% with a £1,999 remortgage or purchase fee for loans up to £3m.
