All home mover products at 75%, 85%, 90% and 95% loan-to-value (LTV) two-year fixed rates have been cut by as much as 0.10%.

In addition, all 75% LTV three-year fixed rates have gone down by up to 0.10%, while all 75%, selected 85%, and all 90% and 95% LTV five-year fixed prices have been reduced by up to 0.04%.

The 75% LTV three-year fixed rate with a £999 fee and £250 cashback has been cut by 0.10% to 3.86%.

All new build home mover products at 75%, 85%, 90% and 95% LTV two-year fixed rates were lowered by up to 0.10% and all 75% LTV three-year fixed rates have gone down by as much as 0.10%.

The bank has also cut all 75%, selected 85%, all 90% and 95% LTV five-year fixed rates reduced by up to 0.04%.

The 75% LTV two-year fixed rate New Build Exclusive with a £999 fee and £250 cashback has been cut by 0.10% to 3.86%.

As part of Santander’s ‘no dual pricing’ pledge to brokers, the new pricing is available to all customers, whether they are applying via a broker or direct.

Elsewhere, LendInvest Mortgages has reduced rates across a selection of residential mortgage products.

The lender’s Premier and Advantage tier range of residential mortgages will see rates lowered by 15 basis points, with the lowest rates starting at 4.99%.

Earlier this year in March, LendInvest reconfigured its credit criteria, allowing for various types of adverse credit, including CCJs and defaults, across all four tiers.

This rate cut comes as research conducted by LendInvest, along with Opinium Research, found that one in five (20%) of potential homebuyers missed a payment on a credit card or utility in the last 12 months.

The research of 1,000 UK adults looking to purchase or remortgage a home in the next five years also revealed that 33% say they are less likely to become a homeowner due to the cost-of-living crisis.

It also found that 35% say they have felt discouraged from applying for a mortgage by high street banks due to their employment status or income streams.

LendInvest sales director Paula Mercer says: “We’re pleased to be able to introduce this 15bps cut to those borrowers who fall into our Premier and Advantage tiers. In an economic climate where affordability is top priority, this rate cut will be able to support those looking to buy or remortgage a home.”