The bank made some major moves on Thursday as it battled for customers' business
Santander UK has cut rates across more than 70 mortgage products and introduced £250 cashback on low deposit deals. The bank has chopped the rates available on selected fixed homeowner purchase and remortgage ranges by up to 0.23 percentage points.
The new rates include a remortgage deal for borrowers with a 25% deposit, at a rate of 4.30% fixed for five years and a £999 fee. The rate has been reduced by 0.23 percentage points. There is also a house purchase mortgage for borrowers with a 15% deposit with a two-year fixed rate of 4.69% and a £999 fee.
Graham Sellar, head of intermediary channels at Santander, said: "We're pleased to deliver this bumper range of rate cuts across more than 70 products, alongside adding cashback for those looking at higher LTVs."
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