Santander UK has announced rate reductions to its mortgage products, affecting both residential rates for remortgage clients and its entire buy-to-let mortgage range.

The updated residential rates see reductions across several offerings, including the 60% loan-to-value (LTV) two-year fixed rate remortgage with a £999 fee, now featuring a rate that has been adjusted from 4.49% to 4.39%.

The three-year fixed rate at the same LTV and fee now has a rate of 4.39%, reduced from 4.44%. For those seeking longer-term security without upfront costs, the 60% LTV five-year fixed rate remortgage is now available at 4.19%, down from 4.24%. In addition, the 75% LTV two-year fixed rate remortgage had its rate reduced from 4.69% to 4.53%.