Santander will lift the majority of its new business and product transfer fixed-rate products by up to 20 basis points tomorrow (22 October).
The high street bank changes cover:
New business
Most standard residential fixed rates will increase by 20bps across purchase, remortgage and green products
- Selected large loan fixed rates will rise by 10bps
- All new build fixed rates will rise by 20bps
- All buy-to-let and green BTL fixes will rise by 20bps
Product transfers
- All residential fixed rates will rise by up to 20bps
- All BTL fixed rates will rise by 20bps
The lender points out that there will be no changes to tracker products in its new business or product transfer ranges.
