Santander Withdraws Select Fixed Rates and Announces Increases: Key Changes for First-Time Buyers, Home Movers, and BTL Investors (September 2025)

Santander has announced significant mortgage product changes effective Friday, 19 September 2025, impacting first-time buyers, home movers, and buy-to-let (BTL) investors across the UK.

Understanding these updates is essential for anyone considering a new application, remortgage, or property investment in the coming weeks.

Overview: What’s Changing with Santander Mortgages?

Santander, one of the UK’s leading mortgage lenders, will withdraw a selection of fixed-rate and tracker deals, notably for first-time buyers (FTBs), and increase rates on other residential and BTL products. These changes reflect ongoing shifts in the wider market and could affect the availability and cost of borrowing for many applicants.

Key Dates for Applicants

• Thursday, 18 September (10pm deadline): Last chance to submit new business applications on current Santander rates.
• Friday, 19 September: New rate increases and product withdrawals take effect.

Details of Santander’s Mortgage Product Updates

• First-Time Buyer (FTB) Product Withdrawals:
  • All 60–75% loan-to-value (LTV) 2, 3, and 5 year fixed rates withdrawn.
  • All 60% LTV 10 year fixed rates withdrawn.
  • All 60–75% LTV 2 year tracker rates withdrawn.
  • New Build FTB: All 60–75% LTV 2, 3, and 5 year fixed rates and 2 year tracker rates withdrawn.
• Rate Increases on New Applications:
  • Residential Home Movers (including new build):
    • All 75% LTV 2 year fixed rates increasing by up to 0.08%.
    • Selected 60%, 75%, and all 90% LTV 5 year fixed rates increasing by up to 0.06%.
  • First-Time Buyers (including new build):
    • All 85% LTV 2 year fixed rates increasing by up to 0.13%.
    • All 95% LTV 2 and 5 year fixed rates increasing by up to 0.10%.
  • Residential Remortgages:
    • Selected 60–75% LTV 2 and 3 year fixed rates increasing by up to 0.04%.
    • All 60–75% LTV 5 year fixed rates increasing by up to 0.05%.
  • BTL Remortgages:
    • All 60–65% LTV 2 year fixed rates increasing by up to 0.06%.
    • All 60% LTV 5 year fixed rates increasing by 0.05%.
• No Changes: Large loan rates and product transfer ranges remain unaffected.

Impact: Who Is Affected by These Updates?

• First-Time Buyers: FTB applicants will see fewer available fixed- and tracker-rate deals at competitive LTV tiers. Many popular fixed rates are being withdrawn, and remaining high-LTV products will be more expensive.
• Home Movers & Remortgagers: Those seeking to move home or remortgage will face higher rates, especially for mid- and high-LTV options. Applying before 18 September could secure lower rates.
• BTL Landlords: BTL remortgage applicants, particularly at lower LTVs, should be aware of increased rates and consider acting quickly.

Promotions & Unique Features

• Refer a Friend Offer: Refer a friend to Deal Direct Financial Solutions and receive a £30 Amazon voucher if they proceed. Simply provide their details to the team.
• Access to All Lenders: Work with fully qualified advisers who can compare all UK lender products and best buys for your circumstances.
• Daily Rate Updates: Remortgage fixed and tracker rates are updated daily for complete transparency.

Why Choose Santander (via Deal Direct Financial Solutions)?

• Wide lending criteria and strong support for first-time buyers and home movers.
• Comprehensive range of fixed, tracker, and BTL mortgage options (subject to current availability).
• Expert advice to help you secure the most appropriate rates, especially amid market changes.
• Fast processing – prompt submission of documents ensures you don’t miss rate deadlines.

What Should Borrowers Do Next?

Act quickly to take advantage of current deals: Mortgage rates and product criteria can change rapidly. Submit your application and provide all required documentation promptly to secure existing Santander rates, especially if you are a first-time buyer, home mover, or landlord reviewing remortgage options.

For personalised mortgage advice and to compare rates from all UK lenders, contact our specialist advisers today. Don’t forget to ask about our refer-a-friend Amazon voucher offer!

Frequently Asked Questions (FAQs)

• Who qualifies for Santander’s current mortgage products?
  Any UK resident meeting Santander’s standard credit and affordability requirements can apply, subject to product availability and loan-to-value (LTV) limits specific to each product.
• How will these rate changes affect my repayments?
  An increase of 0.05–0.13% in the interest rate could mean higher monthly payments. Exact changes depend on your loan size, term, and type—ask our advisers for tailored calculations.
• Can I still lock in a lower rate before the increases?
  Yes, but you must submit a complete application by 10pm on Thursday 18 September. Ensure you provide all necessary documents quickly to avoid missing out.
• Are Santander’s products suitable for buy-to-let investors?
  Santander offers competitive BTL mortgages, especially for remortgages at lower LTVs. However, all BTL products will see slight rate increases from 19 September.
• How do I apply or find out if I qualify?
  Contact our qualified advisers on 0800 048 8828 or visit our website for a full eligibility check and product comparison.