Santander cuts all residential and buy-to-let rates by up to 0.36%

Santander has announced reductions across all of its residential and buy-to-let mortgage rates, reintroducing a number of sub-4% fixed rates.

All new business and product transfer fixed rates will reduce by up to 0.36%, reversing increases of up to 0.20% across most of the lender's residential and buy-to-let products last week. 

All standard residential fixed rates across the purchase, remortgage and green ranges are decreasing by up to 0.30%, with the lowest rate on offer a five-year fixed rate purchase product at 3.87% up to 60% LTV.

Large loan rates will decrease by 0.15% and all new build rates by up to 0.36%.

In addition, all buy-to-let fixed rates, including green products, are reducing by up to 0.20%.

In Santander's product transfer range, all residential rates will fall by up to 0.30% and all buy-to-let rates by up to 0.20%.