Selected fixed rates will be reduced across new business and product transfer ranges at Santander for Intermediaries on 6 April.

Highlights of the cuts for new business include:

• Most purchase rates reducing between 0.04% and 0.20%, including larger loan rates
• All new build rates reducing by at least 0.05% with under 75% loan-to-value rates reducing by 0.15% or 0.20%
• Selected remortgage rates reducing by between 0.08% and 0.20%

The lowest on-sale rate will be 60% LTV, with a five-year fixed rate of 3.94% and a £999 fee for purchases.

For product transfers, selected residential fixed rates are reducing by between 0.08% and 0.20%.