Santander has announced it will make reductions to selected new business residential remortgage fixed rates as well as large loan fixed rates.

For new business, selected residential fixes will be lowered by up to 0.13% while all large loan fixes will go down by 0.10%.

In addition, it will increase selected residential fixed rates to its standard, new build and green ranges. Rates will also rise to some of the lender’s buy-to-let (BTL) and green BTL fixes.

Selected residential fixed rates will rise by up to 0.22% across purchase, remortgage and green products.

In the product transfer range, changes will also be made to selected residential and BTL fixed rates.

Selected residential fixed rates will increase by up to 0.12%, while selected BTL fixed rates will rise by 0.03%.