Santander has reduced new business and product transfer fixed rates.

The lender has trimmed rates across its residential and buy-to-let (BTL) range for new business and product transfers by up to 0.36%.

The home mover 75% LTV three-year fixed rate with a £999 fee and £250 cashback rate has been lowered by 0.36% to 3.96%.

It has also cut first-time buyer products at 85% and 90% LTV two- and five-year fixed rates by up to 0.16%.

In addition, Santander has added a new minimum loan size of £25,000 for all remortgage £999 fee option products.

All 60%, 75%, 85% and 90% LTV two- and five-year fixed rates reduced by up to 0.13%, alongside launching new products priced from 3.73%.

The 60% LTV two-year fixed rate large loan at 3.73% with a £1,999 fee. It comes with a minimum loan size of £500,000 and a maximum loan size of £2m.

It has also added a 75% LTV two-year fixed rate large loan at 3.85% with a £1,999 fee. It comes with a minimum loan size of £500,000 and maximum loan size of £2m.

Rates have also been lowered on its new build and BTL products.

The BTL purchase two-year fixed rate at 60% LTV with a £1,749 fee has been cut by 0.05% to 3.94%.

It has also lowered the price on its BTL remortgage two-year fixed rate at 65% LTV with a £1,749 fee by 0.10% to 3.96%.

Elsewhere, NatWest has made price changes to its new business, existing customers and additional borrowing ranges.

In the lender’s purchase range, it has cut the two-year fixed rate at 60% LTV by 17 basis points from 3.94% to 3.77%. This comes with a product fee of £1,495.

The remortgage two-year fixed rate at 75% LTV has been cut by 18bps from 4.15% to 3.97% and comes with a product fee of £1,495.

For FTBs, NatWest has trimmed the price of its five-year fixed rate at 85% LTV by 8bps from 4.25% to 4.17%. This has a product fee of £995 and comes with £250 cashback.

Rates have also been lowered in the lender’s Help to Buy shared equity, Green, Green BTL, BTL and standalone additional borrowing range.