Santander has announced it will cut selected standard residential and all buy-to-let (BTL) fixed rates in its new business and product transfer ranges.

For new business, the lender has selected standard residential fixed rates for purchases and remortgages, including green remortgage to be reduced by up to 0.29%

All BTL fixed rates including green BTL remortgage will be cut by up to 0.19%

In addition, Santander is reducing all new build fixed rates by up to 0.19%.

For the lender’s product transfer range, selected residential fixed rates will go down by up to 0.29%.

All BTL rates will be lowered by 0.16%.

Changes will take effect from tomorrow (4 October).