Santander announces rate cuts on resi and BTL loans Mortgage Strategy

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Santander for Intermediaries is reducing most of its residential and buy to let (BTL) fixed rates across new business and product transfer ranges by up to 0.23%.

For remortgage clients, the lender is reintroducing 60% LTV green fixed rates with a £0 product fee.

For new business, Santander is offering 60% and 75% LTV two- year fixed rates for purchase clients with a maximum loan size of £250,000. Options available with a £749 or £0 product fee.

The lender is adding £250 cashback to all 85% and 90% LTV fixed rates for purchase clients and reintroducing 60% LTV 2 and 5 year green residential fixed rates with a £0 product fee for remortgages.

Santander is reducing selected standard residential fixed rates across purchase, remortgage and green products by up to 0.23%; reducing all new build fixed rates by up to 0.16%; reducing all large loan fixed rates by 0.10% and reducing selected fixed rates across BTL and green BTL ranges by up to 0.16%.

For product transfers, Santander is reducing selected residential fixed rates by up to 0.23% and reducing selected BTL fixed rates by up to 0.14%.

There is no change to tracker rates.


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