Santander will hike selected residential new business fixed-rate deals, as well as some residential and landlord offers across its product transfer range by up to 33 basis points.  

The high street lender adds it will lift the maximum loan size on selected residential fixes, and pull some buy-to-let tracker deals.  

Its changes, which come to market tomorrow (14 May), cover:  

• Selected residential fixed rates increase by between 4bps and 33bps for purchases and remortgages  
• Maximum loan size increase on selected residential fixed rates to £1m from £570,000 at 90% loan to value  
• New 75% LTV landlord two-year tracker rate at 5.64%, with a £1,999 product fee  
• All other BTL tracker products will be withdrawn  

Product transfers  

• Selected residential fixed rates increase by between 8bps and 23bps  
• Selected BTL fixed rates increase by between 11bps and 15bps  
• New BTL two-year tracker rate at 5.64%, with a £1,999 product fee  
• All other BTL two-year tracker products will be withdrawn  

The move comes after the Bank of England left UK interest rates on hold at 5.25%, a 16-year high, for the sixth time in a row last week.