Santander has launched five new remortgage products as well as cutting rates elsewhere.

At 90 per cent LTV, the lender has introduced a two-year fix with £999 fee at 3.19 per cent and a two-year fix with zero fee at 3.49 per cent.

The rate for a 90 per cent LTV five-year fix with £999 fee is set at 3.43 per cent and, with zero fee, 3.60 per cent.

And at 70 per cent LTV, Santander has launched a five-year fix with £1,499 fee at 1.24 per cent.

Highlight reductions include the 90 per cent LTV two-year fix purchase product with £999 fee having 10 basis points cut to bring it to 3.19 per cent and the same fix with zero fee going down 10 basis points to 3.49 per cent.

The 85 per cent LTV five-year fix for purchase and remortgage with £999 fee has had its rate reduced by 5 basis points to 2.85 per cent, meanwhile.

Santander has also added £250 cashback to a number of its 85 per cent LTV purchase products and withdrawn its 60 per cent LTV five-year fix for purchase with £1,499 fee at 1.29 per cent.