Santander UK has announced rate reductions of up to 0.16% across its 60–75% LTV remortgage range.

The changes are available through both the lender’s direct and intermediary channels under its ongoing “no dual pricing” policy.

Following the update, two-year fixed remortgage rates now start from 3.84%, while five-year fixes begin at 3.87%.

Key rate changes include:

• 60% LTV two-year fix, £999 fee: down 0.10% to 3.84%

• 60% LTV two-year fix, £0 fee: down 0.16% to 4.10%

• 60% LTV five-year fix, £999 fee: down 0.09% to 3.87%

• 75% LTV two-year fix, £999 fee: down 0.10% to 4.09%

• 75% LTV five-year fix, £999 fee: down 0.07% to 4.01%

In addition to the rate changes, remortgage clients can choose either free legals via Santander’s solicitor panel or a £250 cashback paid to the conveyancer on completion.

Head of Santander for intermediaries Graham Sellar says: “Industry data suggests around 1.8 million fixed-rate mortgages will mature in 2025. With this, we’re seeing a mixed environment—some customers coming off five-year fixes may expect higher rates, while those ending two-year deals may be in line for a lower one. Brokers are playing a crucial role in guiding clients through this uncertainty, and we hope these latest rate reductions will help support advisers in securing the best outcomes for their clients.”

Last week the lender announced that it would move to allow borrowers to choose product transfer deal start dates.