Santander for intermediaries has cut selected residential purchase fixed-rate deals by up to 14 basis points.  

The broker-only arm of the high-street lender adds that it has launched 60% loan-to-value fixed-rate offers for house purchases, including a £500 cashback for first-time buyers.  

It has also changed the maximum loan size of the three-year fixed-rate range, with no product fee to £550,000.  

Further details of its changes include:  

New business  

• New 60% LTV residential range with two-, three- and five-year fixed-rate options for purchase clients, with or without a product fee  
• New 60% LTV FTB exclusive two-, three- and five-year fixed rates, with £500 cashback and no product fee  
• New 60% LTV new build exclusive three-year fixed rates for residential clients, with or without a product fee  
• Selected residential fixed rates cut by between 5bps and 14bps for purchasers   

The lender adds that there are no changes to residential trackers or the landlord range. Product transfer rates will also not change.