Two major lenders slash mortgage rates in boost to homeowners

3 hours ago

Tuesday 17 February 2026 08:45 GMT

Santander leader issues awesome update connected UK early amid speculation complete imaginable exit

Nationwide and Santander person announced important cuts to their owe rates, perchance initiating a caller “mortgage war” among awesome lenders.
Nationwide reduced rates by up to 0.16 percent points, pinch its lowest two-year fixed woody now astatine 3.54 per cent, chiefly benefiting borrowers pinch larger deposits.
Santander followed by cutting rates connected first-time purchaser deals by arsenic overmuch arsenic 0.32 per cent, pinch rates now starting from 3.92 per cent, and is actively targeting this marketplace segment.
The accrued title is viewed arsenic affirmative for consumers, particularly for nan 1.8 cardinal group expected to renew their mortgages successful 2026 and for first-time buyers.
Industry experts counsel consumers to look beyond header rates and see nan full costs of a mortgage, including fees and early repayment charges, arsenic rates tin up and down rapidly.