Santander has made rate increases to new business and product transfer fixed rates.

The bank’s new business rates have gone up by as much as 0.10%.

These include the residential home mover, including new build with all 60% and 75% loan-to-value (LTV) three-year fixed rates which have risen by as much as 0.10%.

In addition all 60% and 95% LTV five-year fixed rates have increased by up to 0.10%.

In the same range, first-time buyer, including new build at 85%, 90% and 95% LTV five-year fixed rates have risen by up to 0.06%.

The lender’s residential remortgage prices at 60% LTV two-year fixed rate with a fee of £1,999 has increased by 0.01% and all 60% and 75% LTV five-year fixed rates have gone up by up to 0.07%.

Product transfer products have also risen by as much as 0.07%.

These include all residential 60% and 75% LTV five- and seven-year fixed rates, which have increased by up to 0.07%.

In addition, the 75% LTV two-year fixed rate with a fee of £1,999 have gone up by 0.01%.

Buy-to-let (BTL) product transfer products at 60% LTV across two- and five-year fixed rates have risen by up to 0.06%.

Commenting on the rate changes, Trinity Financial product and communications director Aaron Strutt says: “Santander has been offering a wide range of the cheapest fixes so it isn’t a surprise its rates are going up a bit. No doubt they will come back down again soon enough.”

Elsewhere, NatWest has announced product rate reductions across two- and five-year fixed rates.

Within the bank’s two-year fixed rate purchase range, the 95% LTV has been lowered by 8bps from 4.74% to 4.66%, and has no product fee.

In addition, the 90% LTV has been cut by 6bps from 4.20% to 4.14%, with a product fee of £995, the 60% LTV has been reduced by 5bps from 3.62% to 3.57%, with a product fee of £1495 and the 60% LTV has been lowered by 5bps from 3.67% to 3.62%, with a fee of £995.

Across NatWest’s five-year fixed rate purchase products, the 80% LTV has decreased by 14bps from 4.20% to 4.06%, with no fee while the 80% LTV has been cut by 5bps from 4.03% to 3.98%, with a fee of £995.

The bank has also trimmed prices on the 80% LTV, which has been cut by 5bps from 3.98% to 3.93% with a fee of £1,495 and the 90% LTV which has gone down by 5bps from 4.33% to 4.28%, with no fee.