Santander has made cuts to a selection of products across all LTVs and added cashback to some higher-LTV products.

Within the lender’s two-year products, standout cuts include the 75 per cent LTV purchase product with zero fee being reduced by 23 basis points to give a rate of 1.96 per cent.

At 85 per cent LTV, the two-year fix for purchase with £999 fee has had a cut of 12 basis points to give a rate of 2.67 per cent as well as having £250 cashback added, and the two-year fix with zero fee for purchase and remortgage has had 21 basis points cut, providing a rate of 2.93 per cent.

At 90 per cent LTV, the purchase product with £999 fee has had 26 basis points cut to give a rate of 3.29 per cent and had £250 cashback added and the zero fee version has had 15 basis points removed, giving a rate of 3.59 per cent. This, too, now offers £250 cashback.

For five-year fixes, the 85 per cent LTV purchase product has had 14 basis points cut, which means the mortgage is now at 2.90 per cent. It has also had £250 cashback added.

And the 90 per cent LTV fix with £999 fee for purchase has had 11 basis points chopped off, giving a fee of 3.49 per cent. The zero fee version, meanwhile, has received a 10 basis point cut to offer 3.69 per cent.

Both the 90 per cent LTV products mentioned above also offer £250 cashback, too.