Santander UK has reduced rates on select residential purchase mortgages by up to 0.20%.  

The rate changes, which come into effect today (7 Feb), include its two- and five-year fixed rates.

The new rates are as follows:

• 60% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.20%, down from 4.25%.
• 75% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.30%, down from 4.35%.
• 90% LTV two year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.89%, down from 4.94%.

• 60% LTV five year fixed rate residential purchase mortgage with a £999 purchase fee is now priced at 3.94%, down from 4.04%.
• 75% LTV five year fixed rate residential purchase mortgage with a £999 purchase fee is now priced at 4.14%, down from 4.24%.
• 90% LTV five year fixed rate residential purchase mortgage with no purchase fee is now priced at 4.64%, down from 4.84%.