David Morris, head of homes at Santander UK, said: “We’re delighted to launch a range of new products, along with rate cuts on our existing range, that will make a difference to customers across every stage of the home-buying journey.”.
Rachel Springall, a finance expert at Moneyfactscompare.co.uk, said: “It was only a matter of time for lenders to bring back sub 4% mortgages as a result of swap rates falling in recent weeks, coupled with a cut to bank base rate.
Other new deals include a buy-to-let home purchase mortgage at 65% LTV with a two-year fixed rate at 4.35% with a £1,749 fee or 4.89% with no fee.
Santander UK also said on Tuesday that it had recorded a 130% increase in mortgage applications in the fourth quarter of 2024 compared with the same period a year earlier, as some home-buyers sought to potentially save themselves thousands of pounds in stamp duty costs.
The bank said that from Thursday, borrowers will be able to apply for one of four new products as it launches a range of two and five-year fixed-rate deals at 3.99%.
