Santander cuts most residential fixed rates by up to 13bps from 19 August as lender easing broadens

Santander cuts most residential fixed rates at 60% to 85% LTV by up to 0.13% from 19 August, with buy-to-let two- and five-year fixes down 0.10%. It follows cuts from Nationwide, HSBC and Gen H this week, and reflects funding costs easing after July's swap rate spike. For buyers, that trims monthly payments at the margin and widens choice; for sellers, cheaper borrowing steadies offers. It remains a modest unwinding of July's increases, not a return to cheap money.