On Wednesday 23 February, we’re increasing rates on selected fixed rates by up to 0.50% and decreasing selected tracker rates by 0.25%.  We’re also temporarily withdrawing all 80% LTV residential rates as well as selected BTL remortgage rates.

On Wednesday 23 February, we’re increasing rates on selected fixed rates by up to 0.50% and decreasing selected tracker rates by 0.25%. We’re also temporarily withdrawing all 80% LTV residential rates as well as selected BTL remortgage rates.

New business
Residential
Increases – 2 year fixed rates

75% LTV, 1.94%, £999 fee, remortgage – increased by 0.50%

75% LTV, 1.89%, £999 fee, purchase – increased by 0.50%

75% LTV, 2.14%, £0 fee, remortgage – increased by 0.50%

75% LTV, 2.09%, £0 fee, purchase – increased by 0.50%

75% LTV, 2.04%, £2499 fee, large loan purchase and remortgage– increased by 0.45%

85% LTV, 1.99%, £999 fee, remortgage – increased by 0.45%

85% LTV, 1.94%, £999 fee, purchase – increased by 0.45%

85% LTV, 2.19%, £0 fee, purchase and remortgage – increased by 0.40%

90% LTV, 1.99%, £999 fee, purchase – increased by 0.35%

90% LTV, 2.24%, £0 fee, purchase – increased by 0.30%

Increases – 5 year fixed rates

75% LTV, 1.99%, £999 fee, remortgage – increased by 0.35%

75% LTV, 1.94%, £999 fee, purchase – increased by 0.35%

75% LTV, 2.19%, £0 fee, remortgage – increased by 0.45%

75% LTV, 2.14%, £0 fee, purchase – increased by 0.45%

75% LTV, 2.09%, £2499 fee, large loan purchase and remortgages – increased by 0.35%

85% LTV, 2.04%, £999 fee, remortgage – increased by 0.05%

85% LTV, 1.99%, £999 fee, purchase – increased by 0.05%

85% LTV, 2.24%, £0 fee, purchase and remortgage – increased by 0.05%

Reductions – 2 year tracker rates

75% LTV, 2.04%, £999 fee, purchase and remortgage – decreased by 0.25%

90% LTV, 3.94%, £0 fee, purchase – decreased by 0.25%

95% LTV, 3.99%, £0 fee, purchase – decreased by 0.25%

Withdrawals

80% LTV – all products

Buy to Let
Increases – 2 year fixed rates

60% LTV, 1.84%, £1499 fee, purchase and remortgage – increased by 0.50%

60% LTV, 2.29%, £0 fee, purchase and remortgage – increased by 0.50%

75% LTV, 1.89%, £1499 fee, purchase and remortgage – increased by 0.45%

75% LTV, 2.34%, £0 fee, purchase and remortgage – increased by 0.40%

Increases – 5 year fixed rates

60% LTV, 1.99%, £1499 fee, purchase and remortgage – increased by 0.35%

60% LTV, 2.34%, £0 fee, purchase and remortgage – increased by 0.40%

75% LTV, 2.04%, £1499 fee, purchase and remortgage – increased by 0.20%

75% LTV, 2.39%, £0 fee, purchase and remortgage – increased by 0.30%

Withdrawals – 5 year fixed rates

60% LTV, 1.69%, £999 fee, remortgage

75% LTV, 1.89%, £999 fee, remortgage

Help to Buy
Increases – 2 year fixed rates

75% LTV, 1.94%, £999 fee, purchase – increased by 0.50% and fee increase by £500

75% LTV, 2.14%, £0 fee, purchase – increased by 0.50%

Increases – 2.5 year fixed rates

75% LTV, 1.99%, £999 fee, purchase – increased by 0.50%

Increases – 5 year fixed rates

75% LTV, 2.04%, £999 fee, purchase – increased by 0.40% and fee increased by £500

75% LTV, 2.19%, £0 fee, purchase – increased by 0.40%

New Build
New – 2.5 year fixed rates

75% LTV, 1.94%, £999 fee, purchase

75% LTV, 2.14%, £0 fee, purchase

Increases – 2.5 year fixed rates

85% LTV, 1.99%, £999 fee, purchase – increased by 0.50%

85% LTV, 2.24%, £0 fee, purchase – increased by 0.45%

Product transfer range

On Wednesday 23 February, we’re also updating our product transfer range:

Selected fixed and tracker rates up to 85% LTV are increasing by between 0.05% and 0.50%.

Selected tracker rates at higher LTVs are reducing by 0.25%.

Charge end dates will roll on by one month to 2 June and the completion deadline date will roll on to 5 July 2022.

Santander product transfer rates are personalised to each customer, so you won’t find them on sourcing systems. Please log on to our Online Mortgage Transfer Service in Introducer Internet on behalf of your client to view the rates available to them.

Monthly housekeeping

Roll on of our charge and benefit end dates by one month.

Completion deadlines have been rolled on to:

• 5 July 2022 for product transfers
• 5 August 2022 for remortgages
• 31 August 2022 for purchases

Fixed product codes will be replaced on all new business products.

Further information

For full details of our new business mortgage range please see the Rate Bulletin (Issue 3) which will be available on our website on Wednesday 23 February.