Santander will cut selected residential and buy-to-let (BTL) mortgage rates from 2 July by as much as 0.16%.
Committing to its broker pledge to have no dual pricing, the rates are available to all customers, whether they apply to Santander directly or through a broker.
Changes have been made to first-time buyer products at 75-85% loan to value (LTV), including a two-year fix at 75% LTV, which has been cut by 0.05% to 4.02%, and the five-year fix has gone down by 0.1% to 4.13%. Meanwhile, the two-year fix at 85% LTV has been reduced by 0.05% to 4.23% and the five-year fix by 0.16% to 4.21%.
All have a £999 fee, and the options at 85% LTV come with £250 cashback.
Elsewhere, selected homemover products at 60-90% LTV have been reduced, while its new-build exclusive products for first-time buyers at 75-85% LTV have also been lowered in price.
Between 60% and 90% LTV, new-build homemover rates have been cut by as much as 0.11%, with the largest reduction applying to the 60% LTV five-year fix with a £999 fee, which has fallen to 3.9%.
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Santander has also lowered BTL purchase rates between 60% and 75% LTV by 0.1%.
All have a £1,749 fee and pricing starts at 3.99% for a two-year fix at 60% LTV, up to 4.22% for a five-year fix at 75% LTV.
Santander joins HSBC, TSB, Barclays and Principality Building Society in announcing rate cuts for July.