Santander has announced rate reductions across its residential and buy-to-let mortgage ranges, alongside reduced new build fixed rates and new 10-year fixed rate products.

In its new business range, Santander has reduced residential rates by up to 0.19% for purchases and remortgages, with a five-year fixed rate now starting from 4.08% at 60% LTV with a £999 fee.

Selected buy-to-let fixed rates have reduced by up to 0.15%, while new build fixed rates are down by up to 0.07%.

In the lender’s product transfer range, residential rates have reduced by up to 0.27% and buy-to-let rates by up to 0.15%.

In addition, Santander is introducing new residential 10-year fixed rate products for purchases and remortgages.