Santander has announced a cut to a range of fixed-rate mortgages, potentially saving both homeowners and prospective buyers thousands of pounds.

From tomorrow (4th October), the banking giant will be reducing rates across its residential and buy-to-let (BTL) products. This includes mortgages for new purchases, remortgages, and even green mortgages for those looking for an environmentally-friendly option.

Here’s a breakdown of the changes:

For New Business:

• Standard Residential Mortgages: Rates cut by up to 0.29% for both purchases and remortgages. This includes green remortgages.
• Buy-to-Let Mortgages: All fixed rates, including green BTL remortgages, are reduced by up to 0.19%.
• New Build Mortgages: All fixed rates are slashed by up to 0.19%.

For Existing Santander Customers (Product Transfers):

• Residential Mortgages: Selected fixed rates will be reduced by up to 0.29%.
• Buy-to-Let Mortgages: All fixed rates are dropping by 0.16%.

If you’re considering buying a new home or remortgaging your current property, it’s worth checking out Santander’s latest rates.