Santander will “temporarily” pull eight new business residential purchase and green remortgage five-year fixed deals at 10pm tonight.
The high street banks withdrawals cover:
- 60% loan to value five-year fixes at 3.68%, with a £999 fee purchase
- 75% LTV five-year fixes at 3.92%, with a £999 fee purchase
- 75% LTV five-year fixes at 4.02%, with a £0 fee purchase
- 85% LTV five-year fixes at 4.15%, with a £999 fee purchase
- 85% LTV five-year fixes at 4.34%, with a £0 fee purchase
- 90% LTV five-year fixes at 4.49%, with a £999 fee purchase
- 90% LTV five-year fixes at 4.64%, with no fee purchase
- 75% LTV five-year fixes at 3.89%, with a £999 fee green remortgage
The lender will relaunch its full new business and product transfer ranges on Tuesday 15 October.
Santander’s withdrawals reductions come after Coventry for intermediaries, Co-operative bank for intermediaries, Molo and LiveMore all said this week that they will either pull products or raise rates.
This comes amid uncertainty over whether the Bank of England will push through two rate cuts this year as unrest in the Middle East threatens to lift oil prices and push up inflation.
