Santander has reduced selected new business residential and buy-to-let fixed rates from today, Wednesday the 26th of October.
Its residential fixed rates will be reduced by between 0.05% and 0.50%.
Additionally, all its buy-to-let fixed rates are set to be reduced by 0.05%.
The lender also added that it will be withdrawing its existing 95% LTV 2-year fixed rate, however its 95% LTV 2-year tracker and 5-year fixed rate will still be available.
As for its product transfers, the lender is reducing all residential 5-year fixed rates by between 0.05% and 0.25% and withdrawing all existing 7-year fixed rates.
Moreover, from today, all product transfer rates will become available for clients whose existing deal ends before 5 March 2023.
Some highlights from its residential purchase only range include a 75% LTV, 2-year fixed rate at 6.19% with no fee – reduced by 0.15%, a 75% LTV, 5-year fixed rate at 5.49% with a £999 fee – reduced by 0.50%, and a 95% LTV, 5-year fixed rate at 6.39% with no fee – reduced by 0.20%.
The lenders remortgage only range includes products such as a 75% LTV, 5-year fixed rate at 5.49% with a £999 fee – reduced by 0.25% and a 90% LTV, 5-year fixed rate at 6.04% with no fee – reduced by 0.25%.
When it comes to buy-to-let, offers include a 75% LTV, 2-year fixed rate at 6.04% with a £1499 fee – reduced by 0.05%, as well as a 75% LTV, 5-year fixed rate at 5.99% with a £1499 fee – reduced by 0.05%.
Santander also boasts a range newly reduced of Help-to-Buy and New Build products.
