Santander UK has reduced rates by up to 0.22% across its mortgage products including its home mover, first time buyer, new build and remortgage range.

Within the bank’s first-time buyer range, the 95% loan-to-value (LTV) five-year fixed rate with no fee and £250 cashback will be reduced by 0.22% to 4.85%.

In addition, the 90% LTV two-year fixed rate with no fee and £250 has been cut by 0.15% to 4.73%. 

It has also cut the rates on home mover products including the 90% LTV two-year fixed rate from 4.85% to 4.73% as well as the 95% LTV five-year fixed rate from 4.90% to 4.78%. Both come with no fee and £250 cashback. 

Remortgage rates have been lowered by as much as 0.10% with the 90% LTV two-year fixed rate with a fee of £999 now 4.79% from 4.89%.

It has also cut the 60% LTV five-year fixed rate with a fee of £999 from 4.03% to 3.96%.

New build exclusive products for FTBs have been cut by up to 0.22% including the 95% LTV five-year fixed rate with no fee and £250 cashback, which now has a rate of 4.85%. 

In the same range, the 90% LTV two-year fixed rate with a fee of £999 and £250 has also been trimmed by 0.15% to 4.47%.

And new build exclusive products for home movers have been lowered by 0.12%.

The two-year fixed rate has been cut to 4.73% while the five-year equivalent has been lowered to 4.78%. Both have no fees and include £250 cashback. 

Earlier this month, Santander launched a buy-to-let (BTL) remortgage range and lowered rates by 0.15% on all 60%, 65% and 75% LTV fixes.