Santander UK has confirmed mortgage rate reductions of up to 0.19% to more than 60 products with effect from 20 May.

The rate cuts apply to products across its home mover, first time buyer, new build, remortgage and buy to let ranges.

Rate examples include for home movers – 60% LTV two-year fixed rate, £999 fee, rate reduced by 0.09% to 3.80% and 90% LTV five-year fixed rate, £0 fee and £250 cashback, rate reduced by 0.13% to 4.49%.

For first-time buyers –   60% LTV two-year fixed rate with a £0 fee, rate reduced by 0.05% to 4.13%; and 85% LTV two-year fixed rate with a £0 fee and £250 cashback, rate reduced by 0.11% to 4.47% – currently top of market1

For remortgage –  60% LTV two-year fixed rate with a £0 fee, rate reduced by 0.19% to 4.13%;  and 75% LTV five-year fixed rate with a £999 fee, rate reduced by 0.09% to 3.98%

These cuts follow reduction announced earlier today by Virgin and TSB.