# Santander will reduce first-time buyer, home mover and remortgage fixed rates by up to 0.25 percentage points.

*fintech · news · 2026-04-22 · LBC*

## Key points

- Santander will cut rates on lower deposit first-time buyer and home mover mortgages from Friday.
- Santander's 98% LTV My First Mortgage rate drops by 0.25 points to 5.60%.
- HSBC UK will also reduce mortgage rates for first-time buyers, home movers and remortgagers from Thursday.
- Despite recent cuts, current average fixed mortgage rates remain around 1 percentage point higher than early March.

**Companies:** Santander, HSBC UK, Barclays, Skipton Building Society
**Countries:** United Kingdom

[Read the full story on LBC](https://www.lbc.co.uk/article/4c862d34113b4158ab1005f56d0baab9-5HjdY8k_2/)

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