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Table of Contents
Current Santander Mortgage Rates
The Santander mortgage rates below are updated at least daily.
To find the right Santander mortgage deal for you, select whether you’re remortgaging, a first-time buyer, or moving home. Then select the loan-to-value (LTV) bracket you fall into, and ‘Update Results’.
To work out your loan-to-value, divide the amount you need to borrow by the value of the property you’re buying, and times the number you get by 100 – you don’t need exact figures, estimates are fine at this point.
PROMOTION
Santander Fixed-Rate Mortgages
PROMOTION
Santander Tracker Mortgages
Important Information:
The data in this mortgage product comparison service is provided by L&C Mortgages. Information is updated up to once daily from L&C’s whole of market mortgage database, however some products may only be available directly with a lender. By selecting to Check If You Qualify you will be introduced to L&C Mortgages and their qualified advisors. NerdWallet brings you this mortgage product comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fees and charges. Mortgage suitability is specific to your own personal and financial circumstances.
Want to see how Santander mortgage rates compare?
Check current mortgage rates from other lenders.
Who can get a Santander mortgage?
Santander mortgages are available to first-time buyers, home movers, and existing mortgage borrowers who need a new remortgage deal.
All mortgage lenders have particular eligibility requirements and affordability tests that any borrower must pass. You can check if you qualify for a Santander mortgage through our tables above.
What types of mortgage rate does Santander offer?
Santander offers both fixed-rate mortgages and tracker mortgages.
With a Santander fixed-rate mortgage, your mortgage rate is guaranteed to stay the same for the period of time you’ve fixed, giving you certainty over your monthly repayments. Santander normally has options to fix for two or five years, but other fixed-rate periods are also often available.
With a Santander tracker mortgage, your mortgage rate will rise and fall in line with movements in the Bank of England base rate of interest for a set period of time. This means your repayments could go down if interest rates fall, but will also go up if rates rise.
Once the initial fixed or tracker rate period comes to an end you’ll automatically switch over to the Santander standard variable rate, unless you remortgage to a new deal.
» MORE: Should I get a fixed or variable rate mortgage?
How to get the best Santander mortgage rates
Getting the best Santander mortgage rate depends on several factors including your personal circumstances, your credit score, and the type of mortgage you want. The size of your deposit, or the amount of equity you have in your current home, is important too.
To give yourself the best chance of getting a good mortgage rate from Santander, some of the steps you could take include:
- Make sure your credit score is as good as it can be.
- Save as big a mortgage deposit as possible.
- Tighten up your spending to help pass affordability checks.
- Pay off existing debts to prove you’re trustworthy as a borrower.
Importantly, you’re looking for the lowest mortgage rate among the mortgages that suit you and your circumstances. The mortgage fees you may have to pay and the various mortgage features should be important considerations too.
If you want to discuss your options, NerdWallet has partnered with L&C, the UK’s leading fee-free mortgage broker, to offer you expert advice.
Santander Mortgage Rates FAQs
Santander will constantly review its mortgage deals to make sure it is offering borrowers the best mortgage rates that it can. Sometimes this may mean Santander will lower its mortgage rates, other times they may rise.
Santander has been awarded 4.5 stars out of a potential five in our round up of the best mortgage lenders.
» MORE: Santander mortgage review
Any new Santander mortgage rates should automatically appear in our tables above.
Mortgage lenders regularly change the mortgage rates that they offer, so the lowest rate available can change from one day to the next. Keep a close eye on our mortgage rates page to see who is offering the best mortgage rate at any given time.
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