Santander cuts residential and buy-to-let rates by up to 0.23%

From tomorrow, Santander is reducing most of its residential and buy-to-let fixed rates across the new business and product transfer ranges by up to 0.23%.

The Bank says it is making improvements to its purchase range "to support home movers and first-time buyers as the 31 March stamp duty deadline approaches". 

Alongside reducing residential fixed rates across purchase, remortgage and green products by up to 0.23%, all new build rates are reducing by up to 0.16%, all large loan rates by 0.10%, and selected buy-to-let rates by up to 0.16%.

In its product transfer range, selected residential fixed rates are reducing by up to 0.23% and buy-to-let rates by up to 0.14%.

For remortgage clients, Santander is also reintroducing 60% LTV green fixed rates with no product fee.

It is also introducing new 60% and 75% LTV two-year fixed rates for purchase clients with a maximum loan size of £250,000, with £749 or £0 product fee options available.

In addition, Santander is adding £250 cashback to all 85% and 90% LTV fixed rates for purchase clients.