Santander will raise rates on selected products across its residential and buy-to-let ranges on Friday, along with a package of other changes to its home loans.

The high street lender adds that residential fixed-rate remortgage products with no product fee are being “temporarily” withdrawn.

It is also removing its £250 cashback option from the majority of its residential purchase products, which will become homebuyer free valuations only.

The lender is reintroducing residential 60% loan-to-value fixed rate products. And LTVs on large loan products is being reduced to 70%.

Also, selected two and five-year fixed-rate products will be matched at 60%, 75% and 85% LTV.

House purchase changes include:

A two-year 85% LTV fixed rate at 2.14%, £999 fee, – increased by 0.20%, £250 cashback removed

A five-year 90% LTV fixed rate at 2.49%, £999 fee, – increased by 0.15%, £250 cashback removed

BTL changes include:

A two-year 60% LTV fixed rate at 2.04%, £1499 fee, purchase and remortgage – increased by 0.20%

A two-year 75% LTV fixed rate at 2.09%, £1499 fee, purchase and remortgage – increased by 0.20%

Residential remortgage changes include:

A two-year 75% LTV fixed rate at 2.09%, £999 fee, remortgage – increased by 0.15%

A five-year 85% LTV fixed rate at 2.14%, £999 fee, remortgage – increased by 0.10%

Large loan changes – minimum loan size £250,000 – include:

A two-year 70% LTV fixed rate at 2.19%, £2499 fee, purchase and remortgage – increased by 0.15% and LTV changed from 75% to 70%

A five-year 70% LTV fixed rate at 2.24%, £2499 fee, purchase and remortgage – increased by 0.15% and LTV changed from 75% to 70%

New residential 60% LTV rates are:

A two-year 60% LTV fixed rate at 2.04%, £999 fee, purchase and remortgage

And a five-year 60% LTV fixed rate at 2.04%, £999 fee, purchase and remortgage

The bank says full details of its new business mortgage range will be released in its Rate Bulletin, Issue 4, on its website on Friday 4 March.