Santander withdraws FTB fixes and increases rates, TSB puts prices up on resi products

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Santander for intermediaries has announced it will withdraw first-time buyer fixed rates and increase other selected residential and buy-to-let (BTL) fixed rates in its new business range.

All new business first time buyer 60% to 75% loan-to-value (LTV) two-, three- and five-year fixed rates and all 60% LTV 10-year fixed rates will be withdrawn.

In addition, all 60% to 75% LTV two-year tracker rates will also be withdrawn.

The lender will also withdraw all first-time buyer 60% to 75% LTV two-, three- and five-year fixed rates as well as all 60% to 75% LTV two-year tracker rates.

Elsewhere, it will increase residential home mover 75% LTV two-year fixed rates by up to 0.08%.

Selected 60%, 75% and all 90% LTV five-year fixed rates will rise by up to 0.06%.

It will also put prices up on first-time buyer 85% LTV two-year fixed rates by as much as 0.13% as well as all 95% LTV two- and five-year fixed rates by up to 0.10%.

Residential remortgage rates on selected 60% to 75% LTV two- and three-year fixed rates will go up by up to 0.04%, while all 60% to 75% LTV five-year fixed rates will rise by up to 0.05%.

In addition, BTL remortgage 60% to 65% LTV two-year fixed rates will increase by up to 0.06%, while 60% LTV five-year fixed rates will go up by 0.05%.

Meanwhile, TSB has made changes to its residential range.

Two-, three- and five-year fixed house purchase 90% to 95% LTV rates have increased by up to 0.15%.

Two- and five-year fixed shared ownership and shared equity house purchase 90% to 95% have risen by up to 0.15%.


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