Santander has made rate changes on new business products, while TSB has made amendments to its residential range.

Santander has increased rates on first-time buyer (including new build) selected 85% loan-to-value (LTV) two-, three- and five-year fixed rates by as much as 0.10%.

Meanwhile, first-time buyer (including new build) 95% LTV two- and five-year fixed rates have been reduced by up to 0.19%.

Residential home mover (including new build) all 60% and 75% LTV two- and five-year fixed rates have gone down by up to 0.09%.

All 90% LTV two-year fixed rates have been cut by as much as 0.08%, while all 95% LTV two- and five-year fixed rates have been lowered by up to 0.07%.

Rates on residential remortgage selected 60% and 75% LTV two- and five-year fixed rates have been reduced by up to 0.08%. 

In addition, all prices on buy-to-let (BTL) remortgage 60%, 65% and 75% LTV two- and five- year fixed rates have been cut by 0.05%.

All Santander’s product transfer BTL 75% two- and five-year fixed rates have been lowered by up to 0.02%.

Yesterday, Santander announced it will add product transfer rates to all major sourcing systems from Friday, which the bank says will make “it easier for brokers to support customers looking to switch products”. 

Elsewhere, TSB has made rate changes of up 0.15% across its residential range.

The lender’s three-year fixed house purchase rates at 75% to 90% LTV have been cut by up to 0.10%, while five-year fixed house purchase rates at 85% to 90% LTV have been lowered by 0.15%.

It has trimmed prices on its two-year fixed remortgage 85% to 90% LTV products by 0.15% as well as its five-year fixed shared ownership and shared equity house purchase products at 85% to 90% LTV, which have gone down by 0.15%.

TSB has also made rate increases on its two-year fixed remortgage rates at 60% to 75% LTV, which have gone up by 0.05%.