It also launches new BTL tracker products
Santander UK has reduced rates on selected fixed mortgages across its purchase, remortgage, buy-to-let, and new build ranges.
The high street lender has also introduced a range of new large loan two-year tracker products with up to 75% loan-to-value (LTV).
Among the five-year fixed rates, the 60% LTV residential purchase mortgage with a £999 product fee is now priced at 4.28%, down from 4.38%, and the 90% LTV residential purchase mortgage with a £999 product fee is now priced at 5.10%, down from 5.20%.
For two-year fixed rates, the 85% LTV residential purchase mortgage with a £999 product fee is now priced at 5.11%, down from 5.18%, while the 90% LTV residential remortgage with a £999 product fee is now priced at 6.03%, down from 6.10%.
In the new build category, the 90% LTV three-year fixed rate New Build Exclusive purchase with a £999 fee is now priced at 5.41%, down from 5.55%. 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%.
The new large loan buy-to-let tracker range includes a 60% LTV two-year tracker rate at 6.04% with a £1,999 fee for loans up to £5 million and a 75% LTV two-year tracker rate at 6.24% with a £1,999 fee for loans up to £3 million.
The complete list of new rates is available on the lender’s website.
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