Santander UK has confirmed a mortgage rate reduction of up to 0.19%, and has introduced it to over 60 products from May 20th to an additional 4% product.
Rate reduction applies to products beyond home movers, first-time buyers, remalts and buyouts.
Examples of rates include: Home Movers – 60% LTV 2-year fixed rate, £999 fee, interest rates drop by 0.09% to 3.80% and 90% LTV 5-year fixed rate, £0 fee, £250 cashback, and 0.13%.
For first-time buyers – 60% LTV£0 fee for a fixed 2-year fee, down 0.05%, 4.13%. and 85% LTV 2-year fixed fees fell £0 fees and £250 cashback, down 0.11% to 4.47% – now at Market1's top
For Remortgage – 60% LTV£0 fee for a fixed 2-year fee, down 0.19%, 4.13%. 75% LTV £999 at 5-year fixed rate, interest rate drops by 0.09% to 3.98%
These reductions follow the reductions announced earlier today by Virgin and the TSB.