Santander is cutting rates on some of its higher LTV deals by up to 26 basis points tomorrow.

The lender is making reductions on its standard residential and newbuild ranges at 85% and 90% LTV, as well as cutting rates and fees on a number of Help to Buy deals.

The following standard residential rates are being reduced:

• 85% LTV two-year fixed rate at 2.10% with £999 fee – purchase and remortgage – rate reduced by 11 basis points
• 85% LTV two-year fixed rate at 2.46% with £0 fee – remortgage – rate reduced by 18 bps
• 90% LTV two-year fixed rate at 2.57% with £999 fee – purchase and remortgage – rate reduced by 26 bps
• 90% LTV two-year fixed rate at 2.99% with £0 fee – remortgage – rate reduced by 11 bps
• 85% LTV five-year fixed rate at 2.48% with £999 fee – purchase and remortgage – rate reduced by 20 bps
• 85% LTV five-year fixed rate at 2.68% with £0 fee – remortgage – rate reduced by 11 bps
• 90% LTV five-year fixed rate at 3.20% with £0 fee – purchase and remortgage – rate reduced by 10 bps
• 90% LTV five-year fixed rate at 3.45% with £0 fee – remortgage – rate reduced by 7 bps

The following new-build exclusive rate for purchase is being trimmed:

• 85% LTV 2.5-year fixed rate at 2.10% with £999 fee – rate reduced by 11 bps

The following Help to Buy purchase rates are being cut:

• 75% LTV two-year fixed rate at 1.48% with £499 fee – rate reduced by 3 bps
• 75% LTV 2.5-year fixed rate at 1.53% with £499 fee – rate reduced by 3 bps
• 60% LTV five-year fixed rate at 1.37% – fee reduced by £500 to £499
• 75% LTV five-year fixed rate at 1.69% – rate reduced by 4 bps and fee reduced by £500 to £499