Santander has announced reductions to fixed and tracker rates across higher loan-to-value (LTV) products for first-time buyers (FTBs), home movers and remortgage customers.
The changes will take effect from Friday 22nd May.
Rates will drop by up to 0.27%, including market leading remortgage options such as a 60% LTV 2-year fixed rate at 4.62% with a £999 fee, a 75% LTV 2-year fixed rate at 4.74% with a £999 fee, and a 90% LTV 2-year fixed rate at 5.15% with a £999 fee.
FTBs will see selected 85% to 95% LTV 2-year fixed rates fall by up to 0.15%, with rates starting from 4.81%, a £999 fee and £250 cashback.
All 3-year fixed rates in this band will reduce by up to 0.23%, starting from 4.90%, with a £999 fee and £250 cashback.
5-year fixed rates will drop by up to 0.14%, starting from 4.89%, with a £999 fee and £250 cashback.
The 90% LTV 2-year tracker will reduce by 0.10% to 4.95% with no fee.
Home movers will see selected 85% to 95% LTV 2-year fixed rates reduced by up to 0.24%, with rates starting from 4.84%, a £999 fee and £250 cashback.
All 3-year fixed rates are dropping by up to 0.23%, starting from 4.63%, with a £999 fee and £250 cashback.
5-year fixed rates will reduce by up to 0.21%, starting from 4.52%, with a £1,999 fee and £250 cashback.
Two-year tracker rates are reducing by up to 0.19%, starting from 4.22%, with a £999 fee.
Remortgage customers will see all 2-year fixed rates fall by up to 0.25%, starting from 4.57%, with a £1,999 fee.
3-year fixed rates will reduce by up to 0.17%, starting from 4.74%, with a £999 fee.
5-year fixed rates will drop by up to 0.14%, starting from 4.61%, with a £1,999 fee.
10-year fixed rates will reduce by up to 0.22%, starting from 5.02%, with a £999 fee.
2-year tracker rates will drop by up to 0.27%, starting from 4.30%, with a £999 fee.