Santander has reduced fixed rates for select residential purchase mortgage up to 90 per cent loan to value (LTV) by up to 0.2 per cent, with sub-four per cent deals available.
On the two-year fixed rate side, Santander has cut its fixed rate residential purchase deal at 60 per cent LTV from 4.25 per cent to 4.2 per cent.
Its two-year fixed rate at 75 per cent LTV has dropped from 4.35 per cent to 4.3 per cent.
The lender’s two-year fixed rate at 90 per cent LTV has gone down from 4.94 per cent to 4.89 per cent.
Santander has lowered its five-year fixed rate at 60 per cent LTV from 4.04 per cent to 3.94 per cent.
Its five-year fixed rate at 75 per cent LTV has fallen from 4.24 per cent to 4.14 per cent and at 90 per cent LTV the decrease is from 4.84 per cent to 4.64 per cent.
All the above products come with a £999 fee.
Santander is the latest high street lender to change rates, with HSBC lowering select residential and buy-to-let rates by up to 0.45 per cent yesterday. The lender also increased some rates slightly.
Last week, Halifax lowered select homebuyer deals but upped other rates, such as select remortgage, product transfer and further advance deals.
The latest financial results from high street lenders, with the latest so far including Virgin Money and TSB, indicate that firms are feeling more confident about the outlook for the market, with both saying they expect an uptick in activity and falls in pricing.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
