Santander trims selected fixed and tracker rates from today as repricing rolls into a fourth week

Santander reprices selected residential and buy-to-let deals from this morning, cutting up to 0.15% on 10-year first-time buyer fixes and up to 0.23% on selected BTL product transfers, with one 85% LTV FTB two-year fix moving the other way by 0.05%. It is the fourth week of selective trimming since the Bank held Bank Rate at 3.75% on 30 April, with swap rates giving pricing teams room only on the deals where competition is sharpest. For buyers there is fractionally better headline pricing on longer fixes; for sellers it is not enough to change asking-price strategy. Swap rates remain elevated, and a further drift on inflation or energy could pause this run before it builds.