Santander will cut selected new business first-time buyer two-year fixed-rate deals and some residential home mover two-year fixed prices by up to 9 basis points from tomorrow (4 April).
The lender will also reduce some two- and all five-year residential remortgage fixes by up to 10bps.
There are no changes to Santander’s new business large loan, new build, buy-to-let, or tracker rates.
New business reductions cover:
- For FTBs, all 60% loan-to-value two-year fixes, will be reduced by up to 7bps
- For FTBs, all 85% LTV to 95% LTV two-year fixes, will be reduced by up to 8bps
- For residential home movers, some 60% LTV to 75% LTV two- year fixes, will be reduced by up to 9bps
- For residential remortgage, some 60% LTV to 75% LTV two-year fixes, will be reduced by up to 7bps
- All 75% residential remortgage LTV five-year fixes, reducing by up to 10bps
Product transfer reductions cover:
- Some 60% LTV to 75% LTV two-year residential fixes, will be reduced by up to 7bps
- All 75% LTV five-year residential fixes, will be reduced by up to 10bps
