Santander UK has made reductions to selected fixed rates across its purchase, remortgage, and buy-to-let (BTL) range.

The lender has lowered its 75% loan-to-value (LTV) two-year fixed residential remortgage with a £999 fee by 0.27% to 4.89%.

The 75% LTV three-year fixed rate residential remortgage with a £999 fee is now priced at 4.77%, a reduction of 0.26%.

For the lender’s BTL range the 60% LTV two-year fixed rate remortgage with a £1,749 fee is now priced at 4.82%, a reduction of 0.16%.

Also in the BTL range, the 75% LTV two-year fixed rate remortgage with a £1,749 fee is now priced at 4.96% a reduction of 0.20%.

For the lender’s five-year fixed rate products, the 85% LTV residential purchase mortgage with no product fee is now priced at 5.01%, a reduction of 0.10%.

Yesterday, Halifax told brokers it would be cutting rates on home mover and first-time buyer products by up to 19 basis points on Friday.

Meanwhile, Barclays and TSB also announced they would be reducing rates tomorrow (24 May).