Santander is cutting some rates by up to 25 basis points on Thursday, while increasing others by up to 13bps.

The lender is repricing deals across its product transfer and new business ranges.

Its largest reductions are on a number trackers for product transfer, including a two-year deal at 85% LTV with a £999 fee, which will fall by 25bps, from 4.81% to 4.56%.

At 90% LTV, two-year product transfer tracker with a £999 fee will also be cut by 25bps, from 5.14% to 4.89%.

A two-year large-loan home mover tracker at 60% LTV with a £1,999 fee will decrease by 24bps, from 4.34% to 4.10%.

Scores of other deals will also reduce by lesser amounts.

The biggest rises include a one-year fixed product transfer at 80% LTV with a £499 fee, which will go up by 13bps, from 5.11% to 5.24%.

At 85% LTV, a one-year fixed product transfer with a £499 fee will rise by 13bps, from 5.11% to 5.24%.

For home movers, a three-year fix at 60% LTV with a £999 fee will increase by 11bps, from 4.94% to 5.05%.

A three-year fixed first-time buyer product at 60% LTV with a £999 fee will go up by 9bps, from 5.04% to 5.13%.

Nationwide Building Society is also lowering rates tomorrow.