Clydesdale, Accord, and others also announce rate cuts
Santander UK has led a fresh round of mortgage rate reductions across the UK, trimming rates by up to 22 basis points (bps) across its residential product range.
The pricing adjustments, effective immediately, cover home mover, first-time buyer, new-build and remortgage categories, and are available to both broker and direct customers under the lender’s “no dual pricing” commitment.
Among the updated offerings, Santander’s first-time buyer products include a 90% LTV two-year fixed rate reduced by 15bps to 4.73%, and a 95% LTV two-year fixed rate now priced at 5.00%, down 0.14%. For five-year deals, a 95% LTV product now stands at 4.85%, following a 22bps cut.
Home movers will find similar reductions, including a 90% LTV two-year fixed rate now at 4.73% and a 95% LTV five-year fixed rate reduced by 12bps to 4.78%. Remortgage customers benefit as well, with a 60% LTV five-year fixed rate dropping by 7bps to 3.96%.
New-build borrowers also see lower costs. First-time buyers can access a 95% LTV five-year fixed rate at 4.85%, while home movers have access to a 95% LTV five-year fixed rate at 4.78%, both down by 22bps and 12bps respectively.
Meanwhile, Clydesdale Bank also announced cuts across its core residential, professional, and buy-to-let ranges. Selected residential rates between 65% and 95% LTV are now lower by up to 20bps, with its 95% LTV two-year purchase exclusive reduced by as much as 23bps. In the professional segment, rates are down by up to 25bps, alongside increased maximum loan sizes. For landlords, a 75% LTV two-year buy-to-let product has been cut by 20bps.
Accord Mortgages, the intermediary-only arm of Yorkshire Building Society, is following suit with an 8bps reduction across its buy-to-let range. Notable updates include a 60% LTV three-year fixed remortgage product now priced at 4.32%, and an 80% LTV two-year remortgage product cut to 4.87%.
Elsewhere, Buckinghamshire Building Society has adjusted its Credit Restore product line, aimed at borrowers with impaired credit. The new two-year fixed rate starts at 6.19% for loans up to 60% LTV, and 6.69% up to 75% LTV — a 20bps drop from previous pricing. The change follows an earlier increase in the range’s maximum LTV to 75%.
Specialist lender Keystone Property Finance has also lowered selected buy-to-let rates, cutting expat products by 20bps and other ranges, excluding holiday lets, by 10bps. Rates now begin at 2.94% for a standard 70% LTV two-year fix. The lender has additionally rolled out AI-powered document processing through its broker portal to speed up applications.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
