Santander has reduced selected fixed rates across its residential and buy-to-let new business and product transfer ranges, effective tomorrow, 4 June.
On the residential side, cuts apply to most one-, two-, three-, five-, and seven-year fixed rates, with reductions of up to 0.10% on standard product transfer products and up to 0.17% on new business rates. For BTL, all 60% and 65% and 75% LTV two- and five-year fixed rates fall by up to 0.09%.
Among the headline new business changes, the 60% LTV two-year fixed rate for home movers with a £1,999 fee drops by 0.17% to 4.43%, while the equivalent five-year fix with a £1,999 fee falls by 0.08% to 4.44%. First-time buyer rates also see reductions, with the 85% LTV two-year fix (£999 fee) cut by 0.15% to 4.66% and the 90% LTV five-year fix (£999 fee) down by 0.09% to 4.80%.