user.first_name
Menu

News

Santander ups some mortgage rates and cuts pricing for small-deposit FTBs

Santander ups some mortgage rates and cuts pricing for small-deposit FTBs
Shekina Tuahene
Written By:
Posted:
August 26, 2025
Updated:
August 26, 2025

Santander has announced rate increases across some mortgages, while pricing for selected first-time buyer deals has fallen.

Committing to its broker pledges, Santander will introduce the changes on 28 August. 

This includes residential homemover new business rates, where all deals between 60% and 90% loan to value (LTV) fixed for two and five years will go up by as much as 0.1%, while 10-year fixed rates at 60-75% LTV will increase by 0.07%. 

For residential new-build homemovers, all two- and five-year fixes at 60-90% LTV will also increase by as much as 0.1%. 

Increases of up to 0.11% will be made across all new-build first-time buyer deals at 75-90% LTV, fixed for two and five years, while residential homemover and first-time buyer large loans at 60% LTV, fixed for two and five years, will rise by 0.07%. 

Across its residential remortgages at 60-90% LTV, fixed for two and five years, rates will rise by up to 0.09%. All 10-year fixed rates at 60-75% LTV will increase by 0.07%. 

Sponsored

The new-build energy advantage

Sponsored by Halifax Intermediaries

Santander will also increase buy-to-let (BTL) rates, including purchase and remortgage product pricing at 60-75% LTV, rising by 0.07% across two- and five-year fixes. 

Elsewhere, Santander has increased selected two- and five-year fixed rates for residential product transfer at 60-75% LTV by up to 0.06% and the seven-year fix at 60% LTV by 0.03%. 

All BTL two- and five-year fixed product transfer rates at 60-75% LTV will go up by as much as 0.07%. 

Meanwhile, incoming rate cuts include two-year fixed first-time buyer rates at 95% LTV, which will fall by 0.06%, including new-build options.