View here for Santander’s latest announcements. Please remember that you can access Santander products, including semi-exclusive mortgages, through our direct to lender mortgage club which pays on completion. Contact us for more information. Visit Santander for Intermediaries website
New business and product transfer fixed rates reducing
On Thursday 12 November, we’re reducing fixed rates in our new business and product transfer ranges.
There are no changes to tracker rates or BTL rates in our purchase and product transfer ranges.
For a full list of rate changes, take a look at our news article
More information
- Submit applications and PT requests on our current ranges by 10pm on Wednesday 11 November.
- Rate bulletin (issue 31) and new build rate bulletin (issue 31) will be available on our website on Thursday 12 November.
- Log on to Introducer Internet to view your client’s choice of PT rates on Thursday 12 November. See the product transfer rate bulletin (effective 12 November 2026) on our website.
Response to the Bank of England base rate change
On Thursday 5 November, the Bank of England base rate went up by 0.25% from 3.75% to 4.00%.
Following this decision, we can confirm the following for existing mortgage customers from 3 December 2026:
Tracker products will go up by 0.25%. This includes the Follow-on Rate, which will go up by 0.25% to 7.25%
Standard Variable Rate will go up by 0.25% to 6.75%
If a customer’s existing mortgage is affected, they’ll get a letter telling them about their new interest rate and new monthly payment at least 7 days before their monthly payment changes. If they want to find out how a base rate change affects their mortgage, we have useful tools and tips on the How does the Bank of England base rate impact your mortgage? page on santander.co.uk.
Tracker rates and our Standard Variable rate will be updated to reflect the base rate change for new business and product transfer offers on Friday 20 November.
Further information
Any pipeline applications already submitted and/or offered aren’t affected so you don’t need to do anything.
Take a look at our base rate FAQs for more information.
