Santander for Intermediaries announces rate reductions on selected mortgage products

Santander for Intermediaries is set to implement rate reductions on selected residential and buy-to-let fixed-rate products within its new business and product transfer ranges.

The changes include adjustments to new build fixed rates in the new business category and the introduction of new 10-year fixed-rate products for purchases and remortgages.

For new business, selected residential fixed rates will see reductions ranging from 0.02% to 0.19% for purchases and remortgages. Buy-to-let fixed rates will decrease by between 0.05% and 0.15%, while new build fixed rates will drop by between 0.03% and 0.07%.

The new 10-year fixed-rate products for purchases and remortgages are being introduced to provide customers with more long-term stability options.