Written by Mark Langshaw Reviewed by Lee Trett
2 July 2026
Lowest rate is currently 4.03% - 2 years tracker interest only mortgage at 60% LTV
18 June 2026
Lowest rate is currently 4.08% - 2 years tracker interest only mortgage at 60% LTV
22 May 2026
Lowest rate is currently 4.22% - 2 years tracker interest only mortgage at 60% LTV
10 May 2026
Lowest rate is currently 4.35% - 2 years tracker interest only mortgage at 60% LTV
16 April 2026
Lowest rate is currently 4.75% - 26 months fixed interest only mortgage at 60% LTV
9 May 2024
First Published
Compare Santander mortgage rates online
Santander UK is one of the largest banks in Britain and is a wholly owned subsidiary of global banking firm Banco Santander. They offer a wide range of consumer and commercial services and have around 14 million active customers.
You can compare the latest rates from this lender against more than 90 others by using our free mortgage sourcing tool below:
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Representative example
A repayment mortgage of over year, APR %. Total payable (incl. product fees of ). Repayments: months at (%), then months at (%, variable). Early repayment charges apply. Rates not guaranteed.
About these rates
Rates shown are illustrative based on the property value, mortgage amount, and term you entered above. Actual rates and total cost depend on your credit profile, deposit, and lender assessment. APR figures include product fees where applicable. Early repayment charges may apply. Rates are not guaranteed and may change before you apply - speak to an adviser to confirm what's available to you today. For a per-product representative example, open Show full details on any card above.
What type of mortgages do they offer?
Santander’s UK arms offers the following types of mortgages:
- Residential mortgages: Including exclusive products for first-time buyers and borrowers who need support from their family to purchase a home.
- Remortgages: Including deals for borrowers who are switching to Santander from another lender, and exclusive products for existing customers.
- Buy-to-let mortgages: These mortgages are only available to new Santander customers if the borrower is applying for one through a mortgage broker.
Santander’s residential mortgage product range is dominated by fixed-rate deals with 2, 3 and 5-year introductory rates periods, as well as 2-year tracker mortgages. Capital repayment and interest-only options are available.
Residential mortgage criteria
Below you will find a summary of the eligibility criteria for a Santander residential mortgage:
- Deposit requirements: Start at 5% of the property’s value (95% loan-to-value).
- Credit history: Some bad credit mortgage options are available. For example, Santander will consider applicants with CCJs or debt management plans if the issue was discharged 3-6 years ago, but more severe issues may trigger a rejection.
- Age: The maximum age a borrower can be upon application is 69, or 75 at the end of the application. If any part of the mortgage is interest-only, age caps are 64 and 70.
- Self-employed requirements: Self-employed applicants will need at least 2 years’ accounts to evidence their income for the affordability assessment.
What interest rates are available?
As a high street mortgage lender, Santander's mortgage rates are generally competative with other mainstream banks, and are lower on average than specialist lenders' ranges.
The exact rate they will offer you will depend on the amount of deposit you have, the overall strength of your application and the type of product you choose.
Compare today's best mortgage rates
We work with 90+ UK mortgage lenders, including Santander. You can use our service to compare mortgage rates from across the market to find the right deal.
Our mortgage sourcing tool is FREE and will show you the latest deals from Santander and others so you can make an informed decision about which to choose.
Click the button below to get started comparing the entire market for free.
Buy-to-let mortgage range
Santander’s UK buy-to-let mortgage range cannot be accessed with a mortgage broker, this is something Money Helpdesk can help you with. Our brokers are buy-to-let specialists - not only do they have access to Santander deals, they can sometimes secure exclusive rates too.
Below you will find a summary of the key criteria for Santander’s buy-to-let mortgages:
- Deposit requirements start at 25%
- Available to first-time landlords
- Rental cover must be 125% for basic rate taxpayers or 140% for higher rate
- Santander don’t lend to portfolio landlords
- One applicant must have personal income of at least £25,000
Santander’s buy-to-let mortgages are fixed-rate deals with 2, 3 or 5-year initial rates periods.
How much will Santander let you borrow?
Santander caps its maximum mortgage lending at between 4.45 and 5.5 times the borrower’s annual salary. They will use the highest income multiple if it’s a remortgage without capital raising, or if the applicants’ combined income is over £100,000 and the LTV is 75% or lower.
You can use our calculator below to work out how much you could borrow within these income multiples:
Are Santander a good mortgage lender?
Santander currently holds an average rate of 1.4/5 on TrustPilot, based on over 6,700 reviews. This is, however, based on reviews of all of its products and services.
Consumer group Which? carried out an in-depth review of the mortgage market in October 2023 and ranked Santander in joint 5th place out of 22 UK lenders. The bank’s mortgage arm received an above-average customer satisfaction rating of 71%.
Pros and cons
The table below highlights some of the pros and cons of Santander as a mortgage lender to help you decide whether they are the right option for you:
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Advantages |
Disadvantages |
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Some bad credit mortgage options available |
Limited options for borrowers who are newly self-employed |
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Flexible options for buy-to-let mortgages (including deals for first-time landlords) |
Later-life borrowers are referred elsewhere |
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Can lend based on high income multiples |
Fewer options for first-time buyers than some competitors (no guarantor mortgages or support for the First Homes scheme) |
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Low deposit mortgages available |
Difficult to be approved with moderate-to-severe bad credit |
Get independent advice about Santander mortgages
There are brokers on our team who have a working relationship with Santander. They know their product range well and can compare them with every competitor across the market on your behalf to help you decide whether they are the perfect fit for you.
Here are just some of the reasons you should use us for your mortgage comparison needs:
- Our mortgage brokers are whole-of-market
- They often have access to exclusive rates and deals
- We are 5-star rated on leading review websites
- Your first consultation is FREE
Ready to see how Santander's latest rates compare to deals from across the and speak to one of our brokers about their products? Get started here.
Santander do not directly offer retirement mortgages but have partnered with Legal & General to handle any enquires they receive in this area. They refer customers over 55 to them for advice on lifetime mortgages and retirement interest only (RIO) agreements.
No. But they do have options for borrowers who need to apply for a mortgage with support from a family member, such flexibility around gifted or loaned deposits.
Santander does not accept applications from expats who are currently overseas but will consider lending on day one of their arrival in the UK, subject to a permanent employment contract and satisfactory credit check.
Their parent company has a presence in countries across the world, so Santander is well placed to offer international mortgages for borrowers who are buying overseas.
Santander offers commercial mortgages through a separate division to its residential mortgage arm. See our page about Santander commercial mortgages for more information.
Yes, under certain conditions, you should be able to port your Santander mortgage when you move house. This means that you will take your Santander mortgage with you when you move, rather than having to close it and apply for a new one.
Yes, it is possible to make overpayments on Santander mortgages up to a maximum of 10% of the outstanding mortgage balance annually. If you exceed this threshold, you could face paying early repayment charges.
See our guide for applicants who have been rejected for a mortgage by Santander to find out what your options are and access a mortgage broker who specialises in advising borrowers in this situation.