Santander will cut rates and fees on selected residential intermediary exclusive deals for purchase and remortgage loans.

The move sees some rates shaved by up to 0.05%, while some fees come down by up to £250.

The new deals, available on Monday 7 June, are:

A 70% loan-to-value two-year fixed-rate remortgage product at 1.00%, cut by 0.05%, with a £1,249 fee.

A 70% LTV two-year fixed-rate purchase loan at 1.05%, down by 0.03%, with a £1,249 fee.

A 75% LTV two-year fixed-rate remortgage at 1.24%, reduced by 0.05%, with a £1,249 fee.

A 70% LTV five-year fixed-rate purchase mortgage at 1.22%, with a £1,249 fee. This fee has been cut by £250.

A 75% LTV five-year fixed-rate remortgage at 1.50%, with a £1,249 fee. The fee on this deal has been cut by £250, while the rate is 0.02% lower.

And a 75% LTV five-year fixed-rate loan at 1.52%, with a £1,249 fee. The fee has been cut by £250, as well as adding a £250 cashback to the deal.