Santander cuts residential and buy-to-let rates by up to 0.56%

Santander has reduced residential fixed and tracker rates in its new business and product transfer ranges by up to 0.56%.

Standard residential fixed rates have decreased by between 0.06% and 0.56% and new build exclusive fixed rates are down by between 0.27% and 0.56%.

All residential large loan exclusive fixed rates have reduced by between 0.25% and 0.30% and all standard residential tracker rates by 0.10%.

In its buy-to-let range, Santander has reduced all new business and selected product transfer rates as well as launching a new range of three-year fixed buy-to-let products with or without a product fee.

All buy-to-let fixed rates have lowered by between 0.10% and 0.32%.

In Santander's product transfer range, selected residential fixed rates have reduced by up to 0.35%, residential tracker rates by 0.10%, and buy-to-let rates by up to 0.22%.

If clients haven't accepted their product transfer offer yet, broekrs can select a new product in the online mortgage transfer service for them and a new offer will be issued.

If they’ve already accepted their new deal, brokers can change to a different deal or cancel the one that’s already booked for them if it's at least 14 days before their new deal starts by using the ‘product transfer cancellation process’ section on the product transfers page of the Santander site.