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
Renters’ Rights Act changes are almost here
From 1 May 2026, the Renters’ Rights Act changes how landlords manage rental properties and tenancies.
Here’s a quick summary of what that means for your clients:
- Removal of ‘no fault’ evictions so landlords won’t be able to ask tenants to leave without a valid reason.
- Tenancies will become more flexible so instead of fixed-term Assured Shorthold Tenancies (ASTs), new and existing ASTs will move to periodic agreements meaning tenants won’t be locked in.
- Rent increases will be limited to once per year and tenants will have the ability to challenge proposed rent increases through the courts.
- Charging large amounts of rent up front will be banned.
If you’re speaking to a client and they ask you about the Renters’ Rights Act, direct them to the renting is changing page on the government website for the most up-to-date information.
Purchase rates going down plus other changes
On Thursday 16 April, we’re reducing selected FTB and home mover fixed and tracker rates, plus BTL purchase fixed rates.
In our product transfer range, we’re reducing some residential and BTL fixed rates.
There are no changes to residential or BTL remortgage rates or tracker rates in our product transfer range.
New business
Fixed rate reductions
- FTB and home mover – selected fixed rates reducing by up to 0.28%.
- Large loan – home mover – all fixed rates reducing by up to 0.12%.
- BTL purchase – selected fixed rates reducing by up to 0.25%
Tracker rate reductions
- FTB and home mover – selected tracker rates reducing by up to 0.30%.
- Large loan – home mover – all tracker rates reducing by 0.15%
Product transfers
Fixed rate reductions
- Residential – all 80% and 85% LTV 1, 2, 3 and 5 year fixed rates reducing by up to 0.19%. All 90% and above 90% LTV 1 and 2 year fixed rates reducing by up to
25%. - BTL – all above 75% LTV 2 and 5 year fixed rates reducing by 0.10%
Please visit our product transfers page for more detail about how to view and submit a request plus how to change or cancel a new deal for your client.