Santander is introducing new buy-to-let (BTL) purchase and remortgage rates, and relaunching selected fee-free residential remortgage rates.

New residential mortgage rates across two and five-year fixes are set at 2.44% with 85% LTV, while rates will be set at 2.89% and 2.99% for 90% LTV across two and five-year fixes respectively.

They will operate without fees.

For large loan purchases and remortgages, new rates have been set at 2.29% across two year fixes with 75% LTV, and at 2.34% across five-year fixes with 75% LTV.

Both will incur fees of £2499.

The bank has also increased rates across selected purchase-only products. The rates on its mortgage guarantee product, with 95% LTV across two year fixes, has increased by 0.15%.

New rates have also been introduced across its BTL range for purchases and remortgages. Across two and five-year fixes, rates have been set at 2.44% with LTVs of 75%.

Product fees across most of its fixed and tracker rates up to 85% LTV are increasing by between 0.05% and 0.2%.