For new customers, Santander will increase fixed rates across multiple loan-to-value (LTV) brackets for first-time buyers (FTBs), home movers, and remortgages. For FTBs, all 85% and 90% LTV two- and three-year fixed rates will rise by up to 0.10%, with five-year fixed rates at 85%, 90%, and 95% LTV increasing by up to 0.05%. Ten-year fixed rates at 75% LTV will increase by 0.10%. Identical changes apply to FTB new build products.
For residential home movers, selected 60% and all 85%, 90%, and 95% LTV two-year fixed rates will rise by up to 0.09%. All three-year fixed deals at 60%, 75%, 85%, 90%, and 95% LTV will increase by up to 0.10%, while five-year fixed rates across the same brackets will go up by as much as 0.09%. Ten-year fixed rates at 60% and 75% LTV will rise by 0.10%. The same pattern applies to home mover new build products.
Large loan products (for first-time buyers, home movers, and remortgages) will see all 60% LTV two- and five-year fixed rates increase by 0.05%. For residential remortgages, most 60% and 75% LTV two-year fixed rates will increase by up to 0.05%, while five-year deals at the same LTV levels will rise by as much as 0.13%.
In the buy-to-let (BTL) category, all 65% and 75% LTV five-year fixed remortgage products will increase by 0.06%. However, all 60% LTV two-year fixed BTL remortgage deals will see a small reduction of 0.06%.
Within product transfers, selected residential fixed rates will also increase. Two-year fixed rates at 60% and 75% LTV will rise by up to 0.02%, while five-year fixed rates at 60% LTV will go up by as much as 0.05%. Selected five-year 75% LTV rates will rise by 0.02%.
There are no changes to tracker rates or to the BTL purchase and BTL product transfer ranges.
Santander has advised intermediaries that all new business applications and product transfer requests on current ranges must be submitted by 10pm on Monday 13 October. Updated rates will be available from Tuesday 14 October via the lender’s latest rate bulletins and mortgage rates page.
Completion deadlines have also been extended by one month, with new dates set for 30 April 2026 for FTB and home mover products, 28 August 2026 for new build deals, 8 May 2026 for remortgages, and 5 March 2026 for product transfers.
