Santander UK introduces more than 50 new products including across its new build range

1 May 2025

Santander UK has announced that, from Tuesday 6 May, it is introducing more than 50 new mortgage products to its on-sale range. The new products include 43 new build specific mortgages with a range of 60%-95% LTV, two and five-year fixed rates, as well as two-year tracker rates. Cashback of £250 is also being introduced for new build products from 85% LTV up to 90% LTV for first time buyers and 95% LTV for home movers.

At the same time, Santander is introducing three-year fixed rate products and reducing interest rates across existing mortgage products including its home mover, first-time buyer, remortgage, buy to let and large loans range.

Graham Sellar, Head of Santander for Intermediaries, said:“There’s a renewed focus on the new build market spurred on by the Government’s ambition to create 1.5 million new homes, in part through new towns. We’re pleased to bolster our new build offering, alongside new three-year fixes and broad reaching rate reductions, to support our brokers and customers access more options to help them on their homeownership journey.”

Research from Santander found that nearly three quarters of potential first time buyers (FTB) and more than half (57%) of next time buyers would consider moving to a new build property in one of the proposed new town sites¹. Within the industry, more than four fifths (83%) of mortgage brokers believe that the new towns initiative will transform the homeownership market in the next 12 months².

Examples of the new products include:

New build, new products - fixed

Home movers

60% LTV two-year fixed rate, £999 fee, 3.89%
60% LTV five-year fixed rate, £999 fee, 3.92%
85% LTV five-year fixed rate, £999 fee, £250 cashback, 4.28%
95% LTV five-year fixed rate, £0 fee, £250 cashback, 4.90%

First-time buyers

60% LTV two-year fixed rate, £999 fee, 3.94%
85% LTV two-year fixed rate, £999 fee, £250 cashback, 4.29%
95% LTV five-year fixed rate, £0 fee, £250 cashback, 4.99%

New build – new products – trackers

Home movers

60% LTV two-year tracker rate, £999 fee, 4.64%
75% LTV two-year tracker rate, £999 fee, 4.90%
90% LTV two-year tracker rate, £0 fee, 5.54%

First-time buyers

60% LTV two-year tracker rate, £999 fee, 4.69%
75% LTV two-year tracker rate, £999 fee, 4.95%
90% LTV two-year tracker rate, £0 fee, 5.59%

Three year-fixed – new products

Home movers

85% LTV three-year fixed rate with a £999 fee, £250 cashback, 4.49%
90% LTV three-year fixed rate, £999 fee, £250 cashback, 4.75%
95% LTV three-year fixed rate, £0 fee, £250 cashback, 5.23%

First-time buyers

85% LTV three-year fixed rate, £999 fee, £250 cashback, 4.49%
90% LTV three-year fixed rate, £999 fee, £250 cashback, 4.75%
95% LTV three-year fixed rate, £0 fee, £250 cashback, 5.23%

A full list of changes and new products, including rates, will be available on Santander For Intermediaries website from Thursday:

- Ends -

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors:

1) UK government’s vision for ‘new towns’ entices first-time buyers, despite negative connotations among some potential movers | Santander UK

2) Four in five mortgage brokers see surge in buyer interest for ‘new towns’ | Santander UK

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2024, the bank had around 18,000 employees and serves around 14 million active customers, including 7 million digital customers. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. ��Ӱֱ�� customers’ eligible deposits are protected by the FSCS in the UK.

Banco Santander (SAN SM, STD US, BNC.LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Banco Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way.