Santander UK has confirmed that mortgage rates will be up to 0.19% from May 20 to over 60 products.
Price reductions apply to their home movers, first-time buyers, new builds, cashes and purchases.
Rate examples include House Mover – 60% LTV two-year fixed rate, £999 fee, 0.09% lower interest rates to 3.80% and 90% LTV five-year fixed rate, £0 fee and £250 cashback, 0.13% lower to 4.49%.
First time buyers – 60% LTV two-year fixed interest rate, fee of £0, a 0.05% to 4.13% reduction; 85% LTV two-year fixed interest rate of £0, and a 0.11% to 4.47% reduction – current highest market 1
For re-loans – 60% LTV’s two-year fixed rate is £0, and the fees are reduced by 0.19% to 4.13%; 75% LTV’s five-year fixed rate is £999, and the fees are reduced by 0.09% to 3.98%
The cuts come after the reduction announced by Virgin and TSB earlier today.
