Mortgage Rates
Santander mortgage rate tracker update: updates across first-time buyer, new purchase and remortgage
Santander has changed 18 tracked mortgage rate rows, led by New Purchase 95% LTV tracker moving from 5.79% to 5.29% in the RateWatch current mortgage rates UK dataset.
Live Santander mortgage rate update
Santander has changed 18 tracked mortgage rate rows across first-time buyer, new purchase and remortgage. The latest lender rate-card date for this update is 2026-05-11.
This live RateWatch update clusters the lender's movements into one article so the blog does not publish a separate post for every product, LTV or fee tier.
RateWatch's mortgage rate tracker is built for people checking current mortgage rates UK-wide after lender updates. If you are asking what is the mortgage rate today, the useful answer is the specific lender, borrower type, LTV, term and fee shown below rather than a single market-wide number.
Key movements
33 cuts and 1 increases were detected in this lender update.
- New purchase, New Purchase, 95% LTV: tracker: 5.79% to 5.29% (-50bps)
- New purchase, New Purchase, 60% LTV: tracker: 4.75% to 4.35% (-40bps)
- New purchase, New Purchase, 75% LTV: tracker: 4.86% to 4.46% (-40bps)
- Remortgage, Remortgage, 60% LTV: tracker: 4.85% to 4.50% (-35bps)
- Remortgage, Remortgage, 75% LTV: tracker: 5.04% to 4.69% (-35bps)
- First-time buyer, First Time Buyer, 90% LTV: tracker: 5.39% to 5.05% (-34bps)
- New purchase, New Purchase, 90% LTV: tracker: 5.39% to 5.05% (-34bps)
- Remortgage, Remortgage, 90% LTV: 2-year fixed: 5.89% to 5.70% (-19bps)
- Remortgage, Remortgage, 85% LTV: 2-year fixed: 5.67% to 5.50% (-17bps)
- First-time buyer, First Time Buyer, 75% LTV: 10-year fixed: 5.27% to 5.12% (-15bps)
Changes by borrower type
Remortgage
| Product | LTV | Fee tier | Arrangement fee | Movement |
|---|---|---|---|---|
| Remortgage | 60% | low_fee | £999 fee | 2-year fixed: 4.83% to 4.75% (-8bps) 5-year fixed: 4.80% to 4.76% (-4bps) tracker: 4.85% to 4.50% (-35bps) |
| Remortgage | 60% | no_fee | £0 fee | 2-year fixed: 5.18% to 5.08% (-10bps) 5-year fixed: 4.96% to 4.92% (-4bps) |
| Remortgage | 75% | low_fee | £999 fee | 2-year fixed: 4.91% to 4.85% (-6bps) 5-year fixed: 4.89% to 4.85% (-4bps) tracker: 5.04% to 4.69% (-35bps) |
| Remortgage | 75% | no_fee | £0 fee | 2-year fixed: 5.25% to 5.16% (-9bps) |
| Remortgage | 85% | low_fee | £999 fee | 2-year fixed: 5.27% to 5.15% (-12bps) |
| Remortgage | 85% | no_fee | £0 fee | 2-year fixed: 5.67% to 5.50% (-17bps) |
| Remortgage | 90% | low_fee | £999 fee | 2-year fixed: 5.55% to 5.40% (-15bps) |
| Remortgage | 90% | no_fee | £0 fee | 2-year fixed: 5.89% to 5.70% (-19bps) 5-year fixed: 5.36% to 5.32% (-4bps) |
New purchase
| Product | LTV | Fee tier | Arrangement fee | Movement |
|---|---|---|---|---|
| New Purchase | 60% | low_fee | £999 fee | 2-year fixed: 4.75% to 4.65% (-10bps) 5-year fixed: 4.85% to 4.78% (-7bps) 10-year fixed: 5.22% to 5.07% (-15bps) tracker: 4.75% to 4.35% (-40bps) |
| New Purchase | 60% | no_fee | £0 fee | 2-year fixed: 5.01% to 4.86% (-15bps) 5-year fixed: 4.98% to 4.90% (-8bps) 10-year fixed: 5.32% to 5.17% (-15bps) |
| New Purchase | 75% | low_fee | £999 fee | 2-year fixed: 4.80% to 4.75% (-5bps) 5-year fixed: 4.85% to 4.83% (-2bps) 10-year fixed: 5.27% to 5.12% (-15bps) tracker: 4.86% to 4.46% (-40bps) |
| New Purchase | 75% | no_fee | £0 fee | 2-year fixed: 5.06% to 4.96% (-10bps) 5-year fixed: 4.98% to 4.94% (-4bps) 10-year fixed: 5.37% to 5.22% (-15bps) |
| New Purchase | 90% | no_fee | £0 fee | tracker: 5.39% to 5.05% (-34bps) |
| New Purchase | 95% | no_fee | £0 fee | tracker: 5.79% to 5.29% (-50bps) |
First-time buyer
| Product | LTV | Fee tier | Arrangement fee | Movement |
|---|---|---|---|---|
| First Time Buyer | 75% | low_fee | £999 fee | 10-year fixed: 5.27% to 5.12% (-15bps) |
| First Time Buyer | 75% | no_fee | £0 fee | 10-year fixed: 5.31% to 5.22% (-9bps) |
| First Time Buyer | 85% | low_fee | £999 fee | 2-year fixed: 4.80% to 4.85% (+5bps) |
| First Time Buyer | 90% | no_fee | £0 fee | tracker: 5.39% to 5.05% (-34bps) |
How the new rates compare
The comparisons below use currently tracked lender rows with the same borrower type, LTV and changed term where available.
New purchase: 95% LTV tracker
- Nationwide: 4.89% tracker, £0 fee (Home Mover, 95% LTV, updated 2026-04-24)
- Santander: 5.29% tracker, £0 fee (New Purchase, 95% LTV, updated 2026-05-11)
New purchase: 60% LTV tracker
- Halifax: 3.96% tracker, £999 fee (New Purchase, 60% LTV, updated 2026-05-11)
- Lloyds: 3.96% tracker, £999 fee (New Purchase, 60% LTV, updated 2026-05-11)
- Barclays: 4.01% tracker, £899 fee (New Purchase, 60% LTV, updated 2026-04-30)
- HSBC: 4.09% tracker, £999 fee (Home Mover - Residential, 60% LTV, updated 2026-05-08)
- HSBC: 4.09% tracker, £999 fee (Home Mover - Energy Efficient, 60% LTV, updated 2026-05-08)
- HSBC: 4.33% tracker, £999 fee (Purchase BTL, 60% LTV, updated 2026-05-08)
- HSBC: 4.33% tracker, £999 fee (Purchase BTL - Energy Efficient, 60% LTV, updated 2026-05-08)
New purchase: 75% LTV tracker
- Halifax: 4.08% tracker, £999 fee (New Purchase, 75% LTV, updated 2026-05-11)
- Lloyds: 4.08% tracker, £999 fee (New Purchase, 75% LTV, updated 2026-05-11)
- Barclays: 4.11% tracker, £899 fee (New Purchase, 75% LTV, updated 2026-04-30)
- HSBC: 4.19% tracker, £999 fee (Home Mover - Residential, 75% LTV, updated 2026-05-08)
- HSBC: 4.19% tracker, £999 fee (Home Mover - Energy Efficient, 75% LTV, updated 2026-05-08)
- Santander: 4.46% tracker, £999 fee (New Purchase, 75% LTV, updated 2026-05-11)
- NatWest: 4.58% tracker, £995 fee (New Purchase, 75% LTV, updated 2026-04-30)
How to check mortgage rates daily
Start with the lender update date, then compare like-for-like rows: remortgage with remortgage, new purchase with new purchase, first-time buyer with first-time buyer, and the same LTV where possible. A good mortgage interest rate tracker should make those filters visible so a rate cut is not mistaken for the cheapest product in a different borrower category.
What to check next
Borrowers and brokers should compare the headline rate against fees, LTV band, product type and eligibility before deciding whether a deal is genuinely cheaper. A lower rate with a higher fee can cost more over the initial deal period, especially on smaller loan sizes.
This is a factual lender-rate movement summary, not mortgage advice.
Frequently Asked Questions
What changed in this Santander mortgage rate update?
Santander changed 18 tracked mortgage rate rows across first-time buyer, new purchase and remortgage. The exact old and new rates are shown in the update above.
Is this mortgage advice?
No. This is a factual rate-tracking update. Borrowers should check eligibility, fees and affordability, or speak to a regulated adviser.
Why compare against similar rates?
A rate movement only matters in context. Comparing the new rate with similar LTV, category and term data shows whether the lender is competitive after the change.
How can I check mortgage rates daily?
Use a mortgage rates tracker that shows lender, borrower type, LTV, term, fee and update date together. That makes daily checks more useful than looking at a single headline rate.
Why is there one post for the lender instead of one per rate?
RateWatch clusters all tracked changes from the same lender update into one article so readers get the full lender movement without duplicate short posts.