Santander increases mortgage rates for second time this week

Residential and buy-to-let rates are increasing by up to 26bps.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
2nd May 2024
santander

Santander is increasing selected residential fixed rates and all buy-to-let fixed rates in its new business range.

From tomorrow, residential purchase and remortgage rates are increasing by up to 0.26% and buy-to-let rates are rising by up to 0.22%.

There will be no change to large loan or tracker rates and the product transfer range.

The latest round of rate cuts is the second time this week Santander has increased rates.

On Tuesday, Santander increased selected residential fixed rates in its new business and product transfer ranges, as well as all buy-to-let fixed rates in the new business range and selected buy-to-let fixed rates in its product transfer range.

Selected residential fixed rates rose by up to 0.20%, all large loan fixed rates rose by 0.10% and all buy-to-let fixed rates increased by up to 0.25%.

For product transfers, selected residential and buy-to-let rates increased by up to 0.20%.

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