Santander is increasing rates on selected 85 per cent loan-to-value deals tomorrow by up to 20 basis points.
In an email to brokers the lender says it is also upping rates on some of its 60 per cent LTV products by up to 10 bps.
At 85 per cent LTV prices on the following purchase and remortgage products are increasing:
- Two-year fixed at 2.09 per cent with £999 fee – increased by 0.2 percentage points
- Two-year fixed at 2.39 per cent with £0 fee – increased by 0.2 percentage points
- Five-year fixed at 2.39 per cent with £999 fee – increased by 0.15 percentage points
- Five-year fixed at 2.55 per cent with £0 fee – increased by 0.2 percentage points
At 60 per cent LTV the following zero-fee products will see rate rises of 0.1 percentage points:
- Two-year fixed at 1.64 per cent with £0 fee – remortgage
- Two-year fixed at 1.74 per cent with £0 fee – purchase
- Five-year fixed at 1.74 per cent with £0 fee – remortgage
- Five-year fixed at 1.84 per cent with £0 fee – purchase
- Help to Buy two-year fixed at 1.79 per cent with £0 fee – purchase
Full details of new products will be published on Santander’s intermediary website tomorrow.
