Santander Mortgage Rates

65 mortgage products listed in our database and is currently offering moving home fixed rates starting at 4.49% with a £999 set up fee for its 5 year products

Santander Mortgage Rates

65 mortgage products listed in our database and is currently offering moving home fixed rates starting at 4.49% with a £999 set up fee for its 5 year products.         

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of July 16, 2024 and rates are subject to change.

Santander Mortgage Rates: First Time Buyer

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 4.72% 7.2 APRC £999.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 5.11% 7.3 APRC £999.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 5.03% 7.2 APRC £0.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate Cashback 2 years 6.05% 7.5 APRC £0.00 95%
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 5.37% 7.3 APRC £0.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 5.62% 7.4 APRC £999.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate 2 years 5.88% 7.5 APRC £0.00 90%
SANTANDER UK PLC. First Time Buyer Tracker 2 years 5.84% 7.4 APRC £999.00 75%
SANTANDER UK PLC. First Time Buyer Tracker 2 years 6.77% 7.6 APRC £0.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 4.75% 7.0 APRC £999.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate 3 years 4.75% 7.0 APRC £999.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 4.99% 7.1 APRC £999.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 4.97% 6.9 APRC £0.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate 3 years 4.97% 6.9 APRC £0.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 5.25% 7.0 APRC £0.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 5.31% 7.2 APRC £999.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate New Build Exclusive 3 years 5.63% 7.3 APRC £0.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate Cashback 3 years 5.78% 7.3 APRC £0.00 95%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 4.49% 6.4 APRC £999.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 4.63% 6.4 APRC £0.00 75%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 4.80% 6.6 APRC £999.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 4.94% 6.7 APRC £0.00 85%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 5.02% 6.7 APRC £999.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate 5 years 5.19% 6.8 APRC £0.00 90%
SANTANDER UK PLC. First Time Buyer Fixed Rate Cashback 5 years 5.46% 6.9 APRC £0.00 95%

 

Santander Mortgage Rates: Remortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 4.89% 7.2 APRC £999.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 5.67% 7.3 APRC £999.00 85%
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 5.24% 7.1 APRC £0.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 6.06% 7.5 APRC £0.00 85%
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 6.03% 7.4 APRC £999.00 90%
SANTANDER UK PLC. Remortgage Fixed Rate 2 years 6.31% 7.5 APRC £0.00 90%
SANTANDER UK PLC. Remortgage Tracker 2 years 5.75% 7.4 APRC £999.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 3 years 5.07% 6.8 APRC £0.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 3 years 4.77% 7.0 APRC £999.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 4.60% 6.4 APRC £999.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 4.80% 6.1 APRC £0.00 75%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 5.11% 6.8 APRC £999.00 85%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 5.30% 6.6 APRC £0.00 85%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 5.47% 7.0 APRC £999.00 90%
SANTANDER UK PLC. Remortgage Fixed Rate 5 years 5.65% 6.8 APRC £0.00 90%

 

Santander Mortgage Rates: Moving Home

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 4.72% 7.2 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.11% 7.3 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.03% 7.2 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.37% 7.3 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.62% 7.4 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.88% 7.5 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 6.05% 7.5 APRC £0.00 95%
SANTANDER UK PLC. Moving Home Tracker 2 years 5.84% 7.4 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Tracker 2 years 6.77% 7.6 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 4.75% 7.0 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 3 years 4.75% 7.0 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 4.99% 7.1 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 4.97% 6.9 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 3 years 4.97% 6.9 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.25% 7.0 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.31% 7.2 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.63% 7.3 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive Cashback 3 years 5.78% 7.3 APRC £0.00 95%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.49% 6.4 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.63% 6.4 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.80% 6.6 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.94% 6.7 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.02% 6.7 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.19% 6.8 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.46% 6.9 APRC £0.00 95%

 

Santander Mortgage Rates FAQs

How do you get the lowest mortgage rate with Santander?

Getting the lowest mortgage rate with Santander involves several factors, including your credit score, your income, your deposit amount, and the type of mortgage you choose. Here are some steps you can take to increase your chances of getting a low mortgage rate:

  • Improve your credit score: Lenders use your credit score to determine your creditworthiness. You can improve your credit score by paying bills on time, paying down debt, and correcting any errors on your credit report.
  • Save for a larger deposit: Lenders are more likely to offer lower rates to borrowers who can put down a larger deposit, as this reduces their risk.
  • Shop around: Different lenders offer different mortgage rates, so it's important to compare offers from several lenders. You can use mortgage comparison websites or work with a mortgage broker to find the best deal.
  • Consider a fixed-rate mortgage: Fixed-rate mortgages offer a set interest rate for a certain period, which can provide more stability and lower rates than variable rate mortgages.
  • Consider shorter mortgage terms: While longer mortgage terms may have lower monthly payments, they often come with higher interest rates. Consider opting for a shorter term if you can afford higher payments.
  • Consider your income and expenses: Lenders will assess your income and expenses to determine how much you can afford to borrow. Be sure to provide accurate and up-to-date information to ensure you are getting the best possible rate.

Remember that getting the lowest mortgage rate is not always the most important factor in choosing a mortgage. Consider the overall cost of the mortgage, including any fees and charges, and make sure the mortgage terms and conditions are right for your needs.

What is the best month to buy a house and get a mortgage with Santander?

There is no single best month to buy a house in the UK as the housing market can fluctuate throughout the year, but there are some trends to consider:

  • Spring: The housing market tends to pick up in the spring as the weather improves, and people may be more motivated to move before the summer holidays. However, this can also mean more competition and higher prices.
  • Summer: The summer months can be slower for the housing market, as many people are away on holiday. This can mean less competition and potentially better deals for buyers.
  • Autumn: As the weather cools down, the housing market can pick up again. Many families may be looking to move before the start of the new school year, which can create more demand.
  • Winter: The winter months can be a slower time for the housing market as many people may not want to move during the holiday season or in bad weather. However, this can mean less competition and potentially lower prices.

Ultimately, the best time to buy a house in the UK will depend on your individual circumstances and the local housing market. It's important to do your research, work with a reputable estate agent, and be prepared to act quickly when you find the right property.

What is the 30/30/3 rule in mortgage?

The 30/30/3 rule in mortgages is a general guideline that some lenders in the UK use when assessing a borrower's ability to repay a mortgage. We do not know if Santander Bank uses this rule, and they're not required to because it's not a law or anything like that. The rule suggests that a borrower should aim to meet the following criteria:

  • 30: Mortgage repayments should not exceed 30% of their gross monthly income: This means that the amount a borrower spends on their mortgage repayments should not be more than 30% of their monthly pre-tax income.
  • 30: Total debt repayments should not exceed 30% of their gross monthly income: This includes mortgage repayments, as well as any other debts such as credit card debt or car loans. The total amount spent on debt repayments should not exceed 30% of their monthly pre-tax income.
  • 3: Have a minimum of 3 months' worth of living expenses saved: The borrower should have enough savings to cover their living expenses, such as food, utilities, and transportation, for at least three months in case of an emergency or unexpected financial setback.

How do I ask Santander for a lower interest rate?

To ask Santander for a lower interest rate, you can follow these steps:

  1. Research current market rates: Before you approach Santander, it's a good idea to research the current interest rates offered by other lenders in the market. This will give you a benchmark for what you could potentially negotiate with Santander.
  2. Review your credit score and payment history: Your credit score and payment history can impact your ability to negotiate a lower interest rate. Review your credit report to ensure it is accurate and up-to-date, and ensure you have a history of making payments on time.
  3. Prepare a list of reasons why you deserve a lower rate: Consider what factors might make you a good candidate for a lower interest rate, such as a good credit score, a long-standing relationship with the bank, or a history of making timely payments.
  4. Contact Santander: Contact Santander by phone, email, or in-person and explain that you are interested in negotiating a lower interest rate on your loan. Provide the reasons you have identified for why you deserve a lower rate, and ask what options they can offer.
  5. Be prepared to negotiate: Santander may offer you a lower rate, but it may not be the lowest rate available in the market. Be prepared to negotiate and ask for a better rate if you feel you are not getting a good deal.

Remember that Santander may not always agree to lower your interest rate, but it's always worth asking, nothing bad can come from just having this conversation. If you are not satisfied with the outcome of your negotiation, you may want to consider switching to a different lender with a more competitive rate.