Santander UK has confirmed mortgage rate reductions of up to 0.19%, introducing further sub-4% loans, to more than 60 products with effect from 20 May.
The rate cuts apply to products across its home mover, first time buyer, remortgage and buy-to-let ranges.
Rate examples include for home movers – 60% LTV two-year fixed rate, £999 fee, rate reduced by 0.09% to 3.80% and 90% LTV five-year fixed rate, £0 fee and £250 cashback, rate reduced by 0.13% to 4.49%.
For first-time buyers – 60% LTV two-year fixed rate with a £0 fee, rate reduced by 0.05% to 4.13%; and 85% LTV two-year fixed rate with a £0 fee and £250 cashback, rate reduced by 0.11% to 4.47% – currently top of market1
For remortgage – 60% LTV two-year fixed rate with a £0 fee, rate reduced by 0.19% to 4.13%; and 75% LTV five-year fixed rate with a £999 fee, rate reduced by 0.09% to 3.98%
These cuts follow reduction announced earlier today by Virgin and TSB.
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